Simply Hired is shutting down June 26

Re:Simply Hired is shutting down June 26 by abhi3 on Tuesday May 31, 2016 @03:56PM (#11809656)

Is it just me or are several more funded startups shutting down in 2016?

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Re:Simply Hired is shutting down June 26 by ryanSrich on Tuesday May 31, 2016 @04:26PM (#11809922)

Perceived doom.

In reality there's a slight uptick in closures, but it's mostly business as usual. Incredibly stupid ideas are still getting funded by the hour.

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Re:Simply Hired is shutting down June 26 by mdorazio on Tuesday May 31, 2016 @04:04PM (#11809735)

I think you mean "more than usual". I feel like it's more that the media is reporting on failing startups at a higher rate this year since the deflation of the startup bubble is a popular topic.

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Re:Simply Hired is shutting down June 26 by rhizome on Tuesday May 31, 2016 @04:54PM (#11810140)

I think there's probably an uptick in closures, and the doomwatch media is pointing their attention at them, but I think a big part of it is that there have been so many, uh, "thinly-premised" companies that for whatever reason didn't fold over the past few-to-several years. That is, I think a lot of closures will be able to be boiled down to "what took so long?"

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Re:Simply Hired is shutting down June 26 by deprave on Tuesday May 31, 2016 @05:35PM (#11810469)

It's unlikely that the business climate has changed much for startups. I doubt the success/failure rates are identical to what they were one, five, or ten years ago.

What has changed is media coverage, skepticism, and average skill level of "users" and maybe the frequency with which things happen.

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Re:Simply Hired is shutting down June 26 by patmcguire on Tuesday May 31, 2016 @09:50PM (#11811603)

Could also be the lack of launches in the years before. Good luck finding a used 2009 car of any model, good luck finding a startup founded in 2002.

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Re:Simply Hired is shutting down June 26 by justizin on Tuesday May 31, 2016 @04:15PM (#11809829)

Simply Hired's founder self-funded, FYI, I don't think there was ever any VC money involved.

At least when I worked for them circa 2010 that was the case.

Hope all the smart folks I worked with there land safely.

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Re:Simply Hired is shutting down June 26 by fintler on Tuesday May 31, 2016 @04:19PM (#11809866)

    Simply Hired, founded in 2004 and based in Sunnyvale, had raised just over
    $34 million in funding from investors that include Dave McClure,
    Foundation Capital, Guy Kawasaki, Fox, IDG Ventures and Ronald Conway.

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Re:Simply Hired is shutting down June 26 by justizin on Tuesday May 31, 2016 @04:31PM (#11809958)

I stand corrected. I guess they burned a lot of the founder's money first. ;d

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Re:Simply Hired is shutting down June 26 by bostonpete on Tuesday May 31, 2016 @04:48PM (#11810090)

It seems like your memory from 2010 isn't even quite right. According to this article, they were taking investments at least since 2006...

http://techcrunch.com/2006/04/18/simply-hired-takes-135m-fro...

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Re:Simply Hired is shutting down June 26 by throwaway59511 on Tuesday May 31, 2016 @05:13PM (#11810295)

Crunchbase shows them having taken an A round in '04 and several times since then [1]. Their E round wasn't long before my interview there [2].

[1] https://www.crunchbase.com/organization/simply-hired#/entity

[2] https://news.ycombinator.com/item?id=11810217

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