CB Insights

“CB Insights tracked 431 venture-backed startups that closed since 2023 and found capital exhaustion cited in 70% of the shutdowns. That number describes the moment of death, not the disease. 43% point to poor product-market fit as the deeper cause”

“When building gets this cheap, the often-cited CB Insights number, 42% of startups dying because they built something nobody wanted, does not shrink. It climbs. The bottleneck moved from 'can you build it' to 'should you.'”