Portfolio bloat: whats happening to thousands of startups going nowhere fast

Earlier this week, much was made of the e-commerce business Brandless deciding to shutter its doors. Industry observers found its fate particularly interesting, given that Brandless was only a few years old and had raised substantial funding, including $100 million from the SoftBank Vision Fund alone. Still, Brandless is far from alone in having tried — and failed —  to break away from its many rivals and become the kind of juggernaut that make venture investors money. There are thousands of companies that have raised funding over the last decade that once looked like bigger opportunities or whose growth has…

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