graveyard tombstone cemetery
Over 3,000 startups shut down in 2023 after a drastic pullback in venture capital funding.
  • About 3,200 startups failed this year, according to PitchBook data.
  • The shutdowns come as VCs continue to be careful with funding amid economic uncertainty.
  • Business Insider has compiled a list of some of the notable startup shutdowns in 2023.

The startup "mass extinction event" has been well underway.