In comparison to Q1’23, the reasons for failure were more diverse this time around, ranging from millions of fake users ( IRL ) to cheese’s allegiance to gravity ( Zume ). While poor market conditions and funding unavailability certainly played into this, they were only explicitly cited as contributing factors for a few startups in this quarter’s update: Buzzer, Cana, Wyre, and Tessera. In the face of this drop in deal volume, a number of startups closed up shop. No matter how you look at it, deal count still tumbled to its lowest level since 2016, indicating that investor appetite hasn’t bounced back from its quarters-long freefall. Without these Q1 deals, which collectively amounted to $16.5B, funding would have actually increased by 14% in Q2’23. This marked a 13% drop from Q1’23’s $69.7B, which was heavily inflated by multi-billion-dollar deals to OpenAI (confirmed following our last update) and Stripe. Global venture funding hit $60.5B in Q2’23. Startup Failure Post-Mortems 2023 (Q2’23 Update) Original 50 Startup Failure Post-Mortems ().
#Brit box generic failure update#
Startup Failure Post-Mortems 2014 First Update (). Startup Failure Post-Mortems 2014 Second Update (). Startup Failure Post-Mortems 2015 First Update (). Startup Failure Post-Mortems 2015 Second Update (). Startup Failure Post-Mortems 2016 First Update (). Startup Failure Post-Mortems 2016 Second Update (). Startup Failure Post-Mortems 2016 Third Update (11/8/16). 
Startup Failure Post-Mortems 2017 First Update (2/10/17). Startup Failure Post-Mortems 2017 Second Update (6/9/17). Startup Failure Post-Mortems 2017 Third Update (10/31/17). Startup Failure Post-Mortems 2018 First Update (4/17/18). Startup Failure Post-Mortems 2018 Second Update (8/13/18). Startup Failure Post-Mortems 2018 Third Update (11/14/18). Startup Failure Post-Mortems 2019 First Update (2/28/19). Startup Failure Post-Mortems 2019 Second Update (6/19/19). 
Startup Failure Post-Mortems 2019 Third Update (10/16/19).Startup Failure Post-Mortems 2020 First Update (1/21/20).
Startup Failure Post-Mortems 2020 Second Update (8/18/20).Startup Failure Post-Mortems 2021 First Update (2/1/21).
Startup Failure Post-Mortems 2021 Second Update (6/16/21). Startup Failure Post-Mortems 2021 Third Update (9/28/21). Startup Failure Post-Mortems 2021 Fourth Update (12/8/21). Startup Failure Post-Mortems 2022 First Update (02/09/22). Startup Failure Post-Mortems 2022 Second Update (04/13/22). Startup Failure Post-Mortems 2022 Third Update (07/16/22). Startup Failure Post-Mortems 2022 Fourth Update (10/05/22). Startup Failure Post-Mortems 2023 First Update (1/11/23). Startup Failure Post-Mortems 2023 (Q1’23 Update). Startup Failure Post-Mortems 2023 (Q2’23 Update). Additional contributing factors can be hard to uncover, but the obituaries written by founders, investors, and journalists offer plenty of clues.īelow is a time-staggered compilation of startup post-mortems for some of the most notable failures in the CB Insights database.Īfter reading the 463 goodbye letters and investigative takedowns below, check out our rundown for the top 12 reasons that startups shutter. However, failure is multifactorial, with macro trends serving as just one piece of a much larger puzzle.
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