As you probably noticed, a lot of time has passed since my last post.
Unfortunately, recent events combined with the state of the economy have put the company in an untenable position. We are unable to continue moving forward.
The corporation is being dissolved and the founders will be going their separate ways.
Obviously this is not the outcome I had hoped for.
Since the first ideas popped into my head in early 2006, the idea has grown and expanded. It took some time to find our voice (something I'd like to blog about in the future) and our lack of financial resources meant that the dev process could never proceed at a rate we were happy with.
We started pitching at CED's "Startup Speed Dating" event in April 2007. It was a great way to learn what made sense to people and what parts we were lousy at explaining. By October we had a prototype we could demo and I hit the road. Since then I've pitched 23 VCs either in person or by phone. By January, we had enough of a product to start signing up beta testers, and we finally got into the due diligence process with a potential investor.
But then the wheels came off and it is time to call it quits.
I'd like to publicly thank our supporters. We didn't get far enough, but without them we would have run out of steam long ago.
Thanks to our advisors: Gary, Manoj, Peter, Sam, Scot and Steve. A huge thank you also has to go to everyone at Square 1 Bank for their unwavering support, Brooks at HPG and John at Wyrick Robbins. Greg D. deserves a shout-out too. The support from friends and family has been incredible. Last, and by no means least, I'd like to thank my wife for her unique combination of humor, sassiness and unwavering support.
In the next few days, I'll find a home for the content from this blog (this site will disappear soon). Based on the response I've had to this blog, I plan on continuing to write and I'll post the new venue here when I have it.
And that, as they say, is that.