I Analyzed 70 Startups' Codebases — The Ones With More Technical Debt Raised More Money
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An empirical study of 70 VC-backed companies reveals that technical debt doesn't slow startups down, and the 'move fast and break things' crowd was right all along — at least during the ZIRP era.
This post distills the findings of my master's thesis at the University of Twente and TU Berlin. I built an automated pipeline that analyzed the codebases of 70 open-source, venture-backed companies across 146 funding periods during the ZIRP era (2009–2022)....