When a startup goes out of business, it’s typically a line item in a newsletter like Term Sheet about how much capital it had raised and from whom.
That’s exactly what happened when we reported last week that Munchery had officially ceased operations. The San Francisco-based food delivery startup had raised more than $125 million in venture funding and reached a valuation of $300 million at its peak. Investors included Menlo Ventures, Sherpa Capital, Greycroft, and e.ventures.
But to a small business owner like Lenore Estrada, the startup’s shutdown is more than just a line item — it’s payroll.