A rough 2023 for startups and VCs ended with more bad news. Boston-based OpenView Venture Partners faced layoffs, Boston VC firm Accomplice saw a cofounder depart, Visible Hands had to lay off staff, and Superpedestrian closed its US operations. The layoffs and closures point to difficulties in the technology and innovation industry, with issues ranging from a lack of leadership to a tough market for diversity-focused funds. These developments come after a challenging year for startups and VCs in the region. Despite the setbacks, industry insiders remain optimistic about the future, expressing their determination to overcome these challenges and build on the successes of the past. The Boston Globe tech reporters have provided an overview of the recent developments and their impact on the region’s technology and innovation industry.
Boston-based Venture Capital Firms Hit by Layoffs and Market Challenges, US
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