| Hi, Agen. Buying a startup can work out very well. Just ask Meta about its Instagram purchase in 2012 or let Google tell you about its $50 million acquisition in 2005 of a little company called Android. But while success stories happen, it’s also true that many purchases work out badly. Recent case in point: Uber’s decision to shut down Drizly, the alcohol delivery service it acquired for $1.1 billion less than three years ago. Today, we look at some of the boom time startup acquisitions made during the VC heyday years that turned out to be major misses for the buyers. From Meta’s ill-fated purchase of Giphy to Shopify’s Deliverr buy, we scanned the largest purchases of venture-backed companies in the past four years and found some that haven’t exactly worked out as hoped. Funding to startups in the crypto and blockchain sectors tanked in 2023, with Q4 making a particularly poor showing. But for founders and VC firms still interested in the sector, not all hope is lost. See also: The Crunchbase Web3 Tracker ElevenLabs has raised an $80 million Series B at what it called a unicorn valuation in a round co-led by Andreessen Horowitz, former GitHub CEO Nat Friedman, and Y Combinator’s former head of AI, Daniel Gross. The Brooklyn-based company allows creators, enterprises and others to use AI software to replicate voices in dozens of languages. Google and Amazon again landed on our Layoffs Tracker, as did a major e-commerce furniture retailer and a social media startup by an Instagram founder. Quantum computing, biotech and fintech startups topped the 10 largest U.S. funding deals last week, though only one company cracked more than $100 million. See also: The Crunchbase Megadeals Board | 
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