Startup founders are “overworked”, “exhausted” and “broken” — and dozens of them are considering leaving their businesses in the next year. The past 12 months have been quite brutal on VC-backed tech companies. Valuations have fallen, investors have been reluctant to part with their capital, layoffs have swept the industry and there’s been more scrutiny […]
The startup behind the aspirational Hyperloop tunnel project in Northern Italy has struggled to pay employee salaries and rent this year, documents show
It’s not exactly a secret that Elon Musk’s dream of a Hyperloop—a high-speed vacuum that can shoot people between cities in pods at hundreds of miles per hour—is not an easy project to turn into reality. Just how difficult of a project though, is becoming more clear every day. Last year, Hyperloop One, a well-funded […]
‘I just got laid off’: news startup the Messenger abruptly shutters after a year | US press and publishing
The Messenger, a news startup launched last year with a $50m investment and a nonpartisan perspective, is shutting down, according to multiple news reports. In a staff email, the publication’s founder, Jimmy Finkelstein, wrote that the company had pursued all options “over the past few weeks, literally until last night” but made the “painful” decision […]