Big startups are shutting down. More than 3000 private venture backed startups failed in the last year. Of the startups raising money, 19% were funded at a lower valuation than in prior funding rounds. 38% of VCs disappeared from dealmaking last year and more than a quarter of a million workers at tech companies lost their jobs over the same period. US corporate bankruptcy filings closed out 2023 with the most filings since 2010. The year has been described as a mass extinction event for startups in the press.
Popular Posts
-
How PwC, Deloitte, EY, and KPMG Have Struggled with Scandals, Expansion, and Oversight Failures Introduction Auditors play an essential rol...
-
How Artificial Intelligence is Reshaping the Landscape of Job Fraud and Corporate Espionage By Stanley Epstein Introduction In the ever-evo...
-
Strategies for Risk Professionals to Navigate an Uncertain Global Landscape Introduction In an era of unprecedented global change, the conv...
