The CEO of a $60 million furniture startup explains why it suddenly shut down
YouTube/Startup Grind Local
Online furniture store Dot & Bo abruptly shut down on Friday, joining a long list of failed e-commerce startups we've seen in recent years.
The company announced the closure on its website late Friday, saying it simply failed to find new investors to support its business. Apparently it looked into getting acquired by a big public company, but those talks seem to have fizzled out as well.
It said:
"We were in deep discussions to be acquired by a prominent public company... Читать дальше...