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Tuesday, February 27, 2024

From Unicorns to Zombies: Tech Start-Ups Run Out of Time and Money

After staving off collapse by cutting costs, many young tech companies are out of options, fueling a cash bonfire. WeWork raised more than $11 billion in funding as a private company. Olive AI, a health care start-up, gathered $852 million. Convoy, a freight start-up, raised $900 million. And Veev, …

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