Startups

I heard the other day that a startup led by a person that I respected is planning on shutting down. It’s unfortunate because I admired the founder’s views. I suppose this is the nature of startups.

On another note, at a talk I attended, Ron Weissman mentioned that only 1/9 startups that received seed funding would go on to raise a series A, meaning 8/9 startups would fail. He attributed the “series A crunch” to the fact that angel and seed financing has had explosive growth relative to series A financing.