Chariot has closed shop!
Looks like recession is here or just knocking at the door! Fund raising is not as easy as before where anyone who has a pulse can get VC $$$ What are the next companies to go bankrupt?
It is owned by Ford, not a startup
This has nothing to do with a recession. This is an admission by Ford that the strategy of throwing money at an idea without turning a profit is ending. Many investors/VCs are going to make similar decisions this year. This should scare money losing ventures more than a recession. www.sfchronicle.com/business/amp/San-Francisco-s-Chariot-shuttle-service-to-shut-13524705.php
do all startups succeed or else it's recession?