There are myriad reasons why so many companies went belly up. Some had the right tech at the wrong time. Many relied on venture capital, which typically seeks returns on a timeline that’s unforgivingly brief for deep tech companies. Others were undercut by foreign competitors. Whatever the reason, the collapse spooked venture capitalists, who avoided the sector for years despite the potential for enormous long-term gains.
Source
Finder:
Olivia Utharntharm
Created on:
June 27, 2022
