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.
#EyeOnVolatility
