Professor Glenn A. Okun
Carta, the popular financial reporting service for startups, reported a record number of venture shutdowns, increasing fifty-eight percent over last year. These firms largely were casualties of a venture capital financing drought. Unfortunately, this capital shortage is likely to grow, spreading famine throughout venture land.
Funding failures have spread throughout various rounds, including seed, series A and series B financings. Company closures increased by 102% for seed, 61% for Series A and 133% for Series B funding failures. Previously funded firms were more likely to fail for the first time in over a year.
Complete content is available for a $15 monthly subscription. Click here to subscribe:
The Rabid Capitalist 
Leave a comment