There’s a huge wave of startup failures coming, due to the overexuberance in 2021. Basically, a large chunk of the unprofitable startups that raised in 2021 ar

There’s a huge wave of startup failures coming, due to the overexuberance in 2021. Basically, a large chunk of the unprofitable startups that raised in 2021 are going to fail at becoming profitable and be forced into fire sales or bankruptcy. A recent example is Clutter, a moving company that raised $300m, who was forced into a fire sale for $30m. These founders are going to learn the hard way one of the reasons why VC’s were willing to assign sky high valuations (bc they have downside protection)