Re: [newtech-1] Fwd: Loosecubes is Shutting Down

From: user 2.
Sent on: Wednesday, November 14, 2012 8:01 PM
They raised almost $8 million in june.  That is quite a sum to burn through.  Perhaps their financial guy can lend a hand to solve gov't budget issues.

Sent from my iPhone

On Nov 14, 2012, at 7:17 PM, AlexC <[address removed]> wrote:

It's gross overspending. That money could have fueled 5 different startups. Ok, I'm just being dramatic, but it's certainly a thought.

Alex Cohen
[masked]



-----Original Message-----
From: rburton <[address removed]>
To: [address removed]
Sent: Wed, 14 Nov[masked]:57 PM
Subject: Re: [newtech-1] Fwd: Loosecubes is Shutting Down

Spending 1 million dollars with 16 people to share office space? What was their business model and how did they sell that?

On Nov 14, 2012, at 3:03 PM, Rich Berrebbi <[address removed]> wrote:

Read the article yesterday in business insider.  Revenue issue and inability to raise more funds


Hope this is helpful




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