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
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Loosecubes is now closed: https://www.loosecubes.com/ Anyone knows what happend to them?
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.
http://betabeat.com/2012/11/what-happened-to-loosecubes-new-...
The CEO gave an interview this February
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
That would make sense. They just disappeared all of the sudden.
Not sure, will look into it but loved the concept and the design as well.
What was it?