After tapping a flood of venture capital in recent years, a growing number of startups are getting caught in purgatory.
These companies, which include consumer and e-commerce businesses, have just enough capital to keep going, for now. But they aren’t growing fast enough to raise more financing or secure a big “exit” through a sale or by going public. In Silicon Valley, they are often called “zombies.”
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Voices is edited by Beth Callaghan.
