Yeah, I lol'd at that. We actually made this joke at a meetup once: "Hi, we're a social network for people that like to share photos of their pets." Guess the joke's on us (or their investors whomever they may be.) Good luck to them if they can make it happen.
Yup. Was a big head scratcher around here. They raised $7.8M and shutdown 6 mos later. Rumors are they ever actually closed it, which would make a lot more sense than they burned over $1M/mo.
> A large part of that reported $7.8 million never actually came through. McKellar says that the investor syndicate, led by New Enterprise Associates, stopped funding the company. Faced with the decision of whether to operate on a severely amputated budget or to close down, she opted for the latter
Your indices of FB follows and twitter followers and Alexa rankings aren't "data driven." They take some numbers as inputs, sure, but that doesn't mean they're data-driven.
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[ 2.8 ms ] story [ 54.6 ms ] thread2012 - http://www.timeinc.com/pressroom/10nycstartups2012.php
2011 - http://www.timeinc.com/pressroom/events/10nycstartups/
But then, how do you rate a startup as successful? Number of users, revenue, is being acquired a good or bad thing?
http://betabeat.com/2012/11/what-happened-to-loosecubes-new-...
http://www.smartplanet.com/blog/report/loosecubes-pioneer-ri...
> A large part of that reported $7.8 million never actually came through. McKellar says that the investor syndicate, led by New Enterprise Associates, stopped funding the company. Faced with the decision of whether to operate on a severely amputated budget or to close down, she opted for the latter