A startup 'mass extinction event' has begun. You can't see it clearly yet, but it's going to be bad.
This is. VC funds back loads of startups and they expect most to fail. They only need a small handful to become the next Meta or Twitter or Snowflake to generate big returns.
So there's a natural run-rate of startup failures. The problem is that the VC boom that peaked in 2021 put this natural order out of whack. There was a frenzy of investment, where startups raised massive amounts of money and some businesses got funding that maybe shouldn't have. The failure rate plunged as VCs money gushed everywhere.
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