TIL Irreducible shut down after a $24M Series A in the same year.
https://www.irreducible.com/posts/irreducible-shutting-down
How in the world this happens is very confusing to me. Given the VCs that got in, clearly there were token warrants, which likely would not get fulfilled given the product is a proof system with no network of their own. Did they find they could not monetize? Or did they seriously burn through $24M in ten months?