George Hammond / Financial Times:

Carta says 254 of its VC-backed clients went bust in Q1 2024 and the startup bankruptcy rate is over 7x that of 2019, as funds from the 2021-2022 boom run out  —  Private company shutdowns jump compared with last year despite AI funding frenzy, threatening millions of jobs at VC-backed firms

George Hammond / Financial Times:

Carta says 254 of its VC-backed clients went bust in Q1 2024 and the startup bankruptcy rate is over 7x that of 2019, as funds from the 2021-2022 boom run out  —  Private company shutdowns jump compared with last year despite AI funding frenzy, threatening millions of jobs at VC-backed firms

Source: TechMeme
Source Link: http://www.techmeme.com/240819/p2#a240819p2