Do they go belly up? As far as I can tell bankruptcies of Valley startups stopped decades ago. I can't remember the last company that literally went bankrupt. F

Do they go belly up? As far as I can tell bankruptcies of Valley startups stopped decades ago. I can't remember the last company that literally went bankrupt. Failing firms are always bought for undisclosed sums. VCs will not let their firms fail, they will always force one of their more successful bets to buy the less successful ones under the cover of some plausible-but-dubious strategy. I'm pretty sure the majority of all acquisitions in the VC-backed startup space are like this. They aren't real in the sense that they'd be happening independently. They're the VCs bailing themselves out.