A buzzy healthcare startup breaks down how it 'overextended' and is ditching its plans to build hundreds of clinics despite a $100 million investment from CVS
"I need to honestly accept some responsibility," Bali said."We overextended."
As investors get more cautious and dole out smaller checks, startups like Carbon are facing new expectations for slower, more sustainable growth. That's a major shift from a year ago, when investors were backing companies with huge growth ambitions thatBali said Carbon is making adjustments to its business to hold down the fort in a hostile market.
Bali said Carbon was putting those plans on hold and wouldn't open any new clinics this year beyond those that it has already contracted or that are run in partnership with CVS.
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