The Southern Startup Report is a bi-weekly publication with curated news to support the Southern Startup Ecosystem.

The Southern Startup Report is a bi-weekly publication with curated news to support the Southern Startup Ecosystem.

The Southern Startup Report is a bi-weekly publication with curated news to support the Southern Startup Ecosystem.

The Southern Startup Report is a bi-weekly publication with curated news to support the Southern Startup Ecosystem.

The Southern Startup Report is a bi-weekly publication with curated news to support the Southern Startup Ecosystem.

The Southern Startup Report is a bi-weekly publication with curated news to support the Southern Startup Ecosystem.

The Southern Startup Report is a bi-weekly publication with curated news to support the Southern Startup Ecosystem.

The Southern Startup Report is a bi-weekly publication with curated news to support the Southern Startup Ecosystem.

The Southern Startup Report is a bi-weekly publication with curated news to support the Southern Startup Ecosystem.

The Southern Startup Report is a bi-weekly publication with curated news to support the Southern Startup Ecosystem.

The Southern Startup Report is a bi-weekly publication with curated news to support the Southern Startup Ecosystem.

The Southern Startup Report is a bi-weekly publication with curated news to support the Southern Startup Ecosystem.

The Southern Startup Report is a bi-weekly publication with curated news to support the Southern Startup Ecosystem.

The Southern Startup Report is a bi-weekly publication with curated news to support the Southern Startup Ecosystem.

The Southern Startup Report is a bi-weekly publication with curated news to support the Southern Startup Ecosystem.

The Southern Startup Report is a bi-weekly publication with curated news to support the Southern Startup Ecosystem.

The Southern Startup Report is a bi-weekly publication with curated news to support the Southern Startup Ecosystem.

The Southern Startup Report is a bi-weekly publication with curated news to support the Southern Startup Ecosystem.

Nationwide, startups are struggling right now. The South is no exception. In Q3, Carta, a cap-table management platform, reported the highest number of startup shutdowns since its service launched in 2012. According to Carta, there were 212 startup shutdowns last quarter, a 25% increase from the previous quarter, and a 50% uptick from the same period last year. Even well-funded startups have shuttered their doors in recent months. Convoy, a Seattle freight startup valued at almost $4B, shut down in October. Olive AI, a Ohio-based unicorn that raised $857M, closed its doors in October as well. Cali-based startup Veev shut down in November after raising $600M in funding. I have not seen many massive shutdowns like these in the South. We like to joke in New Orleans, “we’re so far behind, we’re ahead.” I’m hoping we never catch up in this regard.