VCs act wise as everyone in start-ups gets fired

Nobody talks about failure in Silicon Valley, yet 90% of startups fail. Why? 3 yrs ago, @neerajberry and I shut down @Sprig, which raised $60M from @GreylockVC + @socialcapital & grew to $20m revenue. Then, it all fell apart. For an honest story about failure, **Read on**

Companies with poor unit economics found themselves propelled by aggressive venture dollars (which themselves were propelled by a low-interest-rate environment). Those companies then turned those dollars into aggressive customer acquisition. Until recently, the market rewarded growth at all costs.