VC-Backed Startups That Went General public and Crashed, From Casper to Bird

• Chicken turned the newest VC-backed startup showing indicators of distress, right after hinting at a prospective personal bankruptcy this 7 days. 
• The enterprise is among the quite a few former accomplishment tales struggling towards competitiveness and a hard economic system. 
• Here are four of the greatest VC-backed startup downfalls of latest a long time. 

It’s been a tough yr for startups. 

Undertaking funds funding is drying up in a demanding financial state, leaving several fledgling organizations with no the assets to get their corporations off the floor. Concerning the 1st and next quarter of this 12 months by yourself, VC funding has plummeted 23% and its predicted will hit the least expensive level considering that 2020, according to info from CB Insights and described by Bloomberg. 

In the meantime, VC-backed startup darlings of current decades — numerous of which held the vaunted $1 billion valuation unicorn standing — are quickly unable to keep their heads higher than h2o. A increasing quantity of these early achievements stories are retreating following submitting disappointing initial public offerings, turning back to private equity firms in an endeavor remain afloat. 

Here’s a glance at 4 of the most important VC-supported startups that went general public and crashed in latest yrs. 

• Chicken turned the newest VC-backed startup showing indicators of distress, right after hinting at a prospective personal bankruptcy this 7 days. 
• The enterprise is among the quite a few former accomplishment tales struggling towards competitiveness and a hard economic system. 
• Here are four of the greatest VC-backed startup downfalls of latest a long time. 

It’s been a tough yr for startups. 

Undertaking funds funding is drying up in a demanding financial state, leaving several fledgling organizations with no the assets to get their corporations off the floor. Concerning the 1st and next quarter of this 12 months by yourself, VC funding has plummeted 23% and its predicted will hit the least expensive level considering that 2020, according to info from CB Insights and described by Bloomberg. 

In the meantime, VC-backed startup darlings of current decades — numerous of which held the vaunted $1 billion valuation unicorn standing — are quickly unable to keep their heads higher than h2o. A increasing quantity of these early achievements stories are retreating following submitting disappointing initial public offerings, turning back to private equity firms in an endeavor remain afloat. 

Here’s a glance at 4 of the most important VC-supported startups that went general public and crashed in latest yrs.