The startup extinction wave is rising and it's beginning to wash over the cloud industry

• A startup mass extinction event started earlier this year. 
• It's resulted in a wave of startup bankruptcies and shutdowns. 
• This is beginning to impact the cloud industry. 

In June, we told you about a startup mass extinction event that was just beginning.

Four months later, this wave of shutdowns is rising fast, and it's beginning to drag on the cloud sector.

212 startups went bankrupt or dissolved in some other way during the third quarter, according to data from Carta, which tracks startup shutdowns closely.