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There are myriad reasons why so many companies went belly up. Some had the right tech at the wrong time. Many relied on venture capital, which typically seeks returns on a timeline that s unforgivingly brief for deep tech companies. Others were undercut by foreign competitors. Still others succumbed to general market forces that swept across the world during the Great Recession. Whatever the reason, the collapse spooked venture capitalists, who avoided the sector for
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It certainly the most obvious explanation for a sizable new round of funding into Drizly, a six-year-old, Boston-based on-demand delivery app for alcohol that works with roughly 1,000 brick-and-mortar liquor stores across the U.S. and Canada to deliver spirits to customers in what it says is less than an hour. Indeed, according to a new SEC filing, the company has just locked down $34.5
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