Once-Flush Startups Struggle to Stay Alive

Eighteen months ago, Beepi Inc. was rapidly expanding its online used-car business to 16 U.S. cities where people could buy cut-rate vehicles adorned with giant shiny bows.

Beepi doesn’t exist anymore. After burning through more than $120 million in capital, the startup failed to raise more cash and shut down in February. Its roughly 270 employees cleared out of the cavernous Mountain View, Calif., headquarters, leaving behind the…



via WSJ.com: Technology http://on.wsj.com/2jyWrmB

April 23, 2017 at 03:09PM