Posts tagged with 'liquidation'
Everybody knew that the economic crisis would have a profound impact on VC-backed technology startups. Many that had been able to raise lots of funding when times were good focused on growth instead of revenue, grew headcount rapidly and planned for M&A levels and IPOs that were a part of an economy that is now a fading memory.
With many VCs unwilling or unable to continue supporting portfolio companies that haven't found a way to support themselves, it was only a time before waves of startups started closing their doors and selling themselves at firesale prices as they ran out of cash.
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by Patricio Robles
13 February 2009 09:01am
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