Articles by 今日毕

Internet+, + Your Head! Why Did These Awesome Internet Companies Die in 2016?

Capital is like an aphrodisiac: too much can kill, too little makes life worse than death. For startups, the most direct way to survive the winter is to secure the next round of funding, but statistics show only about a quarter of projects will get Series B funding this year, and most may die before that. 2015 saw a wave of traditional enterprise closures; 2016 saw a wave of 'Internet+' enterprise closures. As the year ends, capital has gone home, and startups that relied on it are exposed, dying before the new year.