$27 billion up in smoke – that's how much cash the 3,200 startups that failed this year had raised, says PitchBook

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• Just over $27 billion in venture funding was raised by startups that failed this year, per NY Times.
• That figure is close to the amount raised by startups in the third quarter of 2023, according to EY.
• The cash burn figure excludes public companies and acquisitions.

Startups are having a pretty grim year.

Just over $27 billion in venture funding was raised by the 3,200 startups that failed in 2023...