3 ms·
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 sens
by MattRogish 13y ago
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-enterprise-associates-closure-venture-coworking-dumbo/ http://betabeat.com/2012/11/what-happened-to-loosecubes-new-...
- msrpotus 13y agoThat would make sense. They just disappeared all of the sudden.
- danso 13y agoThe CEO gave an interview this February http://www.smartplanet.com/blog/report/loosecubes-pioneer-rides-the-ups-and-downs-of-startup-life/1328 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