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.

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