Promising once, startup Bungee Labs In A Freefall

At one time they had 38 employees and seemed so promising, but now they just laid off 15 employees to just stretch that dollar a little more. Competing with others like DabbleDB, Zoho Creator, LongJump, Coghead and WyaWorks, apart from the 8000-pound gorilla SalesForce.com, they provide platform as a service. (read full story at: techcrunch.com)