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Did they spend the $9.6m series A already? The CEO is apparently a cofounder of Sidecar and has experience in investment banking and at a VC firm. Maybe they're
by 467568985476 11y ago
Did they spend the $9.6m series A already? The CEO is apparently a cofounder of Sidecar and has experience in investment banking and at a VC firm. Maybe they're bleeding money and realized in today's climate they'd never be able to raise again, and so decided to return whatever is left under pressure from his friends/investors.
- samcheng 11y agoThe founder stepped aside and brought in an outside CEO in November. Not sure how that affected their fundraising chances. You'd need some awesome growth projections to raise a Series B on what looks like less than half a million in lifetime revenue! http://www.sfchronicle.com/business/article/Shuddle-Uber-for-kids-service-reaches-end-7249450.php http://www.sfchronicle.com/business/article/Shuddle-Uber-for...