[joegosse]

One of the VC-funded businesses we all knew would fail has finally failed, is this an early indicator of a market correction?

[xenity7]

I don't think so, because an idea this obviously silly should fail under almost any market conditions.

[arzt]

It's an indicator that the market needs to be more discerning about consumer needs. There is a lot of dry powder waiting to be deployed in the VC industry, so expect to see more specious stuff get funded until LPs decide that they can generate returns elsewhere.