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https://www.wsj.com/articles/more-startups-throw-in-the-towel-unable-to-raise-money-for-their-ideas-eff8305b

More Startups Throw in the Towel, Unable to Raise Money for Their Ideas

Startup shutdowns, fire sales and hard pivots are under way in the face of a downturn in the venture market

Andrew Firestone’s startup, which offered rewards to good tenants, closed last year. Andrew Firestone
By Yuliya Chernova

The pace of startup shutdowns, fire sales and sharp business-strategy changes is picking up. 

Fresh capital from venture investors and bank loans is scarce and expensive. Going public is nearly impossible. Some business models that worked when cash was cheap are unsustainable now. That means venture-backed startups are running out of money and facing hard choices. 

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