re: Startup mass extinction: E-scooter company Bird (fastest to reach $1B val) now worth $7M

I listen to All In podcast and they talk about this as I also work in the tech space. Thankfully at a company with a more real product. But it's insane how fast all these companies blew up over the last few years and crashed down to Earth.

Basically all the companies got the last of their funding in early 2022 and have either been running out of cash or being marked down to their actual value with no chance to get cash flow positive. We just saw the acceleration and outcome of all that with the most startups ever shutting down.