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by moot
4420 days ago
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I found myself in the same exact position with Canvas/DrawQuest earlier this year. Everyone (including myself) was laid off a few months ago, but we'd hoped to keep the app running with the remaining revenue/cash-on-hand and volunteered time (cut short by a recent hack). It sucks, but I think we'll see more of it in the coming months/year. A lot of the seed-funded apps/companies from the past few years simply won't represent later-stage venture opportunities, and may find themselves in a position where they can't raise additional capital but can keep the service afloat without the payroll overhead. |
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