VantagePoint kills Startup 3Guppies, a $20M investment
The company, originally named Mixxer, first came into existence through a complicated deal in which VantagePoint spent $20 million to buy two companies: MoPhone, a mobile social networking company, and 3Guploads, a ringtone company founded by students from the University of Indiana. (read full story at: venturebeat.com)
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VantagePoint kills Startup 3Guppies, a $20M investment
The company, originally named Mixxer, first came into existence through a complicated deal in which VantagePoint spent $20 million to buy two companies: MoPhone, a mobile social networking company, and 3Guploads, a ringtone company founded by students from the University of Indiana. (read full story at: venturebeat.com)
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This is turning out to be a Saga. VantagePoint just gave their side of the story at Mashable saying that it should not come as a surprise to management because it was planned and was one of the options presented by the CEO among several other options to salvage the company.