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Running out of cash – Hiring Freeze
https://techcrunch.com/2022/06/02/irl-layoffs-abraham-shafi-social-media/
https://techcrunch.com/2022/06/02/coinbase-hiring-freeze-rescinds-accepted-offers/
https://techcrunch.com/2022/06/02/insurtech-policygenius-cuts-25-of-staff-less-than-3-months-after-raising-125m/
https://techcrunch.com/2022/06/02/carbon-health-lays-off-8-of-staff/
https://techcrunch.com/2022/06/02/gemini-lays-off-10-of-workforce-as-the-crypto-revolution-enters-its-contraction-phase/
https://techcrunch.com/2022/06/01/a16z-backed-loom-video-layoffs/
https://www.bankingdive.com/news/varo-bank-could-run-out-of-funds-by-year-end-filing-shows/624628/
- version_five 4y agoHistorically, what percent of startups at series A, B, etc end up going out of business? A material percentage I think? These companies, are they going through a modern "failure" where it turns out loom or whatever is not a viable business, but instead of just imploding, they die slowly because VCs don't want to write down their investments, so they make them stay on life support?