[ryao]

As a former ClusterHQ employee who had been with the company longer than our CEO, I should be able to shed some light on this. The plan was to raise round A funding two years ago (which we did) and then raise round B funding now before becoming profitable 2 to 3 years from now. Venture capitalists have become far more risk adverse. We all thought that round B funding would happen, but it fell apart at the last minute and instead of announcing round B funding, Mark announced a shutdown.