How to Break Rules and Follow Them

The pace of startup shutdowns, fire sales and sharp business strategy changes is increasing as fresh capital from venture investors becomes scarce. The yearly internal rate of return for venture firms was negative 7% in the third quarter of 2022, which is the lowest value since 2009. In this case, I've been wanting to move platforms for years with the pressure of too many platforms and legacy cruft building up over time. It was like a Yellowstone supervolcano ready to blow.