They expanded to several cities to satisfy investors, and they were renting space to store furniture, which ended up being far more expensive than they expected. But yeah, burning through 19M in about 14 months is nuts. They were really betting it all on growing big enough to sell investors on a series B, which clearly didn't work out.

This will def be a bigger story. You know all that could've been done with that much money? We should be concerned with irresponsible investors as well, not doing their due diligence on the company's performance to avoid such a catastrophe.

They didn't necessarily blow through _all_ of it. Some companies will give cash back to investors when it becomes clear that the business is not viable.

When people move and sell furniture, they often times need a cleaning to satisfy a condition of selling a home or getting their full security deposit back. Only synergy I really see and anything old is stale. Probably very cheap list.