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From Unicorns to Zombies: Tech Startups Run Out of Time and Money

SAN FRANCISCO — WeWork raised more than $11 billion in funding as a private company. Olive AI, a health care startup, gathered $852 million. Convoy, a freight startup, raised $900 million. And Veev, a home construction startup, amassed $647 million. In the last six weeks, they all filed for bankruptcy or shut down. They are the most recent failures in a tech startup collapse that investors say is only beginning. After staving off mass failure by cutting costs over the past two years, many...
New York Stock Exchange New York United States Travis Vanderzanden Elad Gil Amanda Peyton
Source: yahoo.com

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Consumer payments startup Braid, backed by Index and Accel, shuts down

Braid, a four-year-old startup that aimed to make shared wallets more mainstream among consumers, has shut down. Founded in January 2019 by Amanda Peyton and Todd Berman (who left in 2020), San Francisco-based Braid set out to offer friends and family an FDIC-insured, multi-user account that was designed to make it easy “to pool, manage and spend money together.” Braid raised a total of $10 million in funding “over multiple rounds” from Index Ventures, Accel and oth...
Peyton Linkedin Todd Berman Amanda Peyton San Francisco Based Braid Index Ventures
Source: yahoo.com

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