Zullo: Many Consumer and FinTech Startups Died Cutting Back Growth
Rick Zullo · Jason Lemkin & Rick Zullo: How "Mark to Market" Corrupted Venture Capital | E1052 · 20VC with Harry Stebbings · Aug 23, 2023 · at 24:42
Rick Zullo is the Co-Founder and General Partner at Equal Ventures. He explains how startups with poor underlying business models failed when trying to reduce spend during the market correction.
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“I can point to a ton of consumer companies, a ton of FinTech companies that move the opposite direction that, you know, despite You know, trying to cut back their growth, you know, went through the floor and those companies are largely dead right now.”
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