Ask HN: Why Betabait is closing?

After being featured several times last year in techcrunch and other big tech blogs, they are now closing their doors. Dear BetaBaiters, We wanted to take a minute to reach out and thank you for being a part of BetaBait. Unfortunately, we will be closing the service as of 2/1/1013. While BetaBait has been a successful journey, we as founders have decided to work on new projects.