A few weeks later, Quantopian Chief Executive Officer John Fawcett announced that he, his co-founder, and other employees were going to work at the retail brokerage Robinhood Markets Inc. The closure of the company came ahead of the imminent opening of its first commercial facility, which would have been an impressive achievement for an industry where one of the main challenges lies in producing bio-based materials on an industrial scale. In a statement, the fintech firm said Covid-19 has made the operating and fundraising environment “very challenging,” despite the firm having made progress in its growth and transformation plans last year. Going forward, however, ‘the team behind Houseparty is working on creating new ways to have meaningful and authentic social interactions at metaverse scale across the Epic Games family,’ Epic said. Torris said Boo.com also spent too much on advertising and promotions and failed to keep pushing forward on technology innovations.
The Hong Kong-based sports streaming arm of cash-starved mainland Chinese conglomerate LeEco closed on Thursday night because of overdue rent. LeSports HK confirmed its shutdown amid other problems – the Consumer Council revealed it also received 30 subscription-related complaints against the troubled company. “Digital mental health company SonderMind is acquiring Mindstrong’s technology assets months after the fellow mental health firm laid off more scalefactor than a hundred workers and shuttered its headquarters. “In time, we want to be known as the news feed for a business,” Rathmann said. “We alert our customers to what needs attention and make proactive suggestions with their bottom line in mind.” Looking ahead, the company is also eyeing the lending space. At the end of the day, Kurt Rathmann explained to Forbes last month, customers were craving a person, rather than a computer to do their accounting.
Building Plan
…That decision appears to have been fueled by Argo’s inability to attract new investors. Ford CEO Jim Farley acknowledged that the company anticipated being able to bring autonomous vehicle technology broadly to market by 2021. We’ve broken down the companies that failed by the amount of funding they received, starting with those that failed that raised over $100M.
Different parties disagree about which side was responsible — Khosla Ventures or [chemical engineer Paul] O’Connor and the CEO — but most agree that KiOR made poor hiring decisions as it staffed up. The result was a relative preponderance of lab researchers with Ph.D.s and a dearth of people with technical, operational experience running energy facilities. The lack of people with real operational experience “hurt KiOR a lot,” says O’Connor.
Data: CFOs Fear Down Rounds Are Coming
“Manchester-based neobank Bank North is winding down its operations with immediate effect after failing to raise the funds needed for a full banking licence from the Bank of England. RealNames said it had no choice to but to close operations as Microsoft was its primary distribution partner. Microsoft was owed $25 million for RealNames “resolutions” already delivered over the past two years and remained unwilling to bet that RealNames would become successful in the long-term. In addition, Microsoft expressed concerns about the quality of RealNames keywords that were sold. Investors apparently put the kibosh on the company before it crow-barred itself into another communications fad. The events were not a complete surprise, given that company executives had cautioned late last year that eToys had only enough cash to remain open through March.