InVision has experienced the biggest fall from glory in Silicon Valley's recent history. $350M raised with a peak valuation of $2B. And now they are shutting down. Not acquihired or "acquired by private equity" or strategic tuck-in. Just a hard stop. It's so easy to s**t on them. They got out-innovated, they were not product driven etc. etc. But, the truth is most startups that raised monster rounds in ZIRP days could face this deadend. You raised too much money: 1/ So you are too expensive to acquire 2/ So you raised your burn too high to finance a big GTM team 2/ So you got complacent on product 3/ So you got lazy on shipping There will be a lot more inVisions in the next 24 months as startups run out of capital. It's sad. The employees & founders at these companies gave it their all, but raising too much money sealed their fate. For the next gen of startup founders, heed this advice: raise little, keep your burn low, ship fast!
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