Vector of a hand with needle pierces the balloon with dollar sign. Concept financial crisis, bankruptcy, income loss

ISSUE – Jan. 31 | What Happens When a Startup Goes Bust

That’s exactly what happened when we reported last week that Munchery had officially ceased operations. The San Francisco-based food delivery startup had raised more than $125 million in venture funding and reached a valuation of $300 million at its peak. Investors included Menlo Ventures, Sherpa Capital, Greycroft, and e.ventures. But to a small business owner like Lenore Estrada, the startup’s shutdown is more than just a line item — it’s payroll. [ Fortune ]

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