Tech Startups are Shrinking!

The high burn, big spending technology startup might be dead.

Richard Branson once famously announced that a business should not employ more than 100 people to stay agile and innovative. Instagram only had 13 employees when it was bought by Facebook for $1 billion in April 2012. They had closed a $50 million private financing at a valuation of $500 million right before the sale and had accrued 30 million users. No…