Author Archive

2
Mar
2017

#tangodown Lily Robotics

After collecting pre-orders from approximately 60,000 customers, autonomous camera drone maker Lily Robotics has declared bankruptcy and is shutting down. The company is looking for a buyer for it’s intellectual property and claims it will refund all pre-orders. Lily Robotics raised $15M in funding and took in over $38M in pre-order cash.

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2
Mar
2017

Ola raises $300 million in a down-round

India’s Uber-wanna-be for cabs, Ola capitulated and took $300 million from existing hostage investor, Softbank at a $3.5B valuations, after 6 months of unsuccessfully scouring for $500M at a $5B valuation. They’ve raised $1.2B to date.

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1
Dec
2016

Why Our Status Quo Has Failed and is Beyond Reform

Our second title is now available via Audible and iTunes, Charles Hugh Smith’s Why Our Status Quo Has Failed and is Beyond Reform. Narrated by: Leslie James Learn more here.  

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15
Oct
2016

‘Sup’ is down.

The ‘Sup’ app, whose “boil the ocean” mission was to help people figure out which of their friends are nearby, and possibly available to hang with, will be shutting down. Despite being touted as “a really cool app” by the likes of Richard Branson and Steve Wozniak, it’s come up short: “We saw growth but we didn’t see the hockey stick growth that we needed to see to actually make it a viable billion dollar business and...

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21
Sep
2016

E-cig unicorn NJOY goes terminally bankrupt

After raising $70 million from backers like Peter Thiel and Bruno Mars at a valuation in excess of $1 Billion, e-cigarette manufacturer NJOY has filed for bankruptcy. It has an accumulated deficit of $234.4 million, according to the filing. NJOY also ...

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