Interesting. The $2.5M that mcone mentioned was venture from Andreeson Horowitz,... | Hacker News

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		pcl on May 6, 2014 \| parent \| context \| favorite \| on: App.net State of the Union Interesting. The $2.5M that mcone mentioned was venture from Andreeson Horowitz, not subscription revenue. Also, according to CrunchBase [1], their parent company has raised $7M total. I wonder if this announcement means that the parent company is shutting down, or the employees of that company are no longer working on App.net in a full-time capacity. [1] http://www.crunchbase.com/organization/mixed-media-labs

neuroscr on May 6, 2014 [–]

The parent company is still there. It pretty much means, they're pivoting with all the money they raised.

neuroscr on May 8, 2014 | [–]

I can confirm they did lay-off most of their staff though.

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