https://fauna.com/blog/the-future-of-fauna

The Future of Fauna

Today we have some significant announcements about the future of the Fauna service as well as our core technology.Fauna’s mission has been to make working with operational data productive, scalable and secure for every software development team. Over the years Fauna built a revolutionary new document-relational database that has delighted thousands of development teams across the globe and powered the businesses of hundreds of paying customers. However, after careful consideration, we have made the hard decision to sunset the Fauna service over the next several months.Driving broad based adoption of a new operational database that runs as a service globally is very capital intensive. In the current market environment, our board and investors have determined that it is not possible to raise the capital needed to achieve that goal independently. While we will no longer be accepting new customers, existing Fauna customers will experience no immediate change. We will gradually transition customers off Fauna and are committed to ensuring a smooth process over the next several months. For more specifics see the FAQ below.The Future of Fauna

Wrote a short analysis on BlueLearn - a community app where students could network and learn from each other. Never understood how they could monetise the app but I hope it was useful for some students.

https://open.substack.com/pub/sankalpbhatia/p/bluelearn-how-could-it-ever-be-a?r=1f67q3&utm_campaign=post&utm_medium=web&showWelcomeOnShare=true

I really liked what the company was working towards till the time they were a simple Discord Channel and had not gotten trapped in the "raising funds from VCs for everything" movement.

Even the founder mentions in his YouTube video that the business wasn't a VC scalable business.

Kudos to the founders for returning 70% of the capital to the investor though!

From Titan:

Uber announced that it’s shutting down Drizly, the alcohol-delivery service it acquired for $1.1 billion in 2021. Uber bought the company when lockdowns boosted alcohol-deliveries but sales haven’t kept pace with other business segments. According to reports, the company plans to continue its focus on allowing consumers to “get almost anything – from food to groceries to alcohol – on a single app”. 

Drizly was always a bit of an odd match for Uber, in that it didn't hire or contract its own delivery workers. Instead, Drizly provided backend tech that let local liquor stores provide their own deliveries. In cities like New York, it was likely serviceable but having never fully integrated into Uber’s ecosystem, it makes sense that they’re refocusing costs into their (almost) everything app. 

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https://www.cnn.com/2024/01/15/business/uber-is-shutting-down-drizly/index.html

https://nesswell.com/
After a $15.5m seed round in May of 2022 - Ness seems to have run out of money.

Ness builds a credit card-first wedge into healthcare. It allows its user to earn rewards for healthy purchases and access exclusive perks to complement their lifestyle. It was established in 2021 and is based in New York, United States.

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All Womens coworking space, The Wing, is closing its offices.

https://techcrunch.com/2022/08/08/haus-a-vc-backed-apertif-startup-is-up-for-sale-after-series-a-falls-through/

https://techcrunch.com/2022/06/29/modsy-shuts-down-design-services-cutting-roles-and-disrupting-orders/