How MilkRun stopped the Venture Capital funding free-for-all

This week in The Fin podcast, technology reporter Jessica Sier on why MilkRun closed its doors, how its failure marks the end of an era of easy money for start-ups in Australia and what that means for aspiring entrepreneurs.Further reading: MilkRun to close doors, all staff made redundant MilkRun, the rapid local delivery service, will close and make its staff redundant, bringing an abrupt end to a company which raised one of the biggest early-stage funding rounds in Australian venture capital history. MilkRun collapse kill “spray and pray”at burned venture capital firms The dramatic collapse of delivery start-up MilkRun has left Australian venture capital firms divided over whether to plough fresh money into capital-efficient companies, or to pull back and wait for cash-burning start-ups to snuff themselves out before re-entering the market. MilkRun is last man standing With inflation surging in the US and Australia and central banks raising interest rates in the first half of the year, the category of high-growth, high cash-burn start-ups is out of fashion among investors. See omnystudio.com/listener for privacy information.