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- Fowl was the newest VC-backed startup to point out indicators of misery after hinting this week at a doable chapter.
- The corporate is certainly one of many previous success tales preventing towards competitors in a tough economic system.
- Listed here are 4 of most up-to-date VC-backed startup failures.
It’s been a tough 12 months in startups.
Many fledgling companies are left with out the capital they should begin their ventures in a tough economic system as enterprise capital funding is declining. In accordance with information from CB Insights, VC funding fell 23% between the primary and second quarters of this 12 months. It’s anticipated that it’ll drop to its lowest degree since 2020. reported by Bloomberg.
In the meantime, VC-backed startup darlings of current years — a lot of which held the vaunted $1 billion valuation unicorn standing — are all of a sudden unable to maintain their heads above water. These early success tales are resigning after failing preliminary public choices. They flip to non-public fairness companies to try to keep afloat.
Right here’s a glance into 4 of the most important VC-supported startups which went public after which crashed in current instances.
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