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A comment on NYC Startups to Watch. Parent comment

Re:NYC Startups to Watch by MattRogish on Thursday April 25, 2013 @12:36PM (#5608189)
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-...

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Re:NYC Startups to Watch by danso on Thursday April 25, 2013 @03:01PM (#5609174)
The CEO gave an interview this February

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

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Re:NYC Startups to Watch by msrpotus on Thursday April 25, 2013 @01:38PM (#5608649)
That would make sense. They just disappeared all of the sudden.
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