Record High Startup Closures in Q1: A Sign of Tough Times 

Startup companies are shutting down at an accelerated pace, with 254 closing up shop in Q1 2024, a 58% increase year-over-year according to Carta. 

This represents a shift from the 2020-21 startup boom, as investors are now prioritizing profitability over growth. Venture funding has been declining since 2021, making it difficult for startups to secure new investments, leading to more closures. 

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