Half a Billion Gone: Dissecting 2024's Biggest Launchpad Failures — And Reading the Room for 2025
Over $500 million in retail capital evaporated across failed launchpad projects in 2024, and most of it didn't disappear overnight — it drained away in slow, predictable patterns that institutional money spotted months earlier. We dug into the wreckage to find the exact inflection points where legitimate projects turned problematic, and what those same signals look like in launches happening right now.