TECH CRUNCH - Sep 16 - Socializr, the online event organization tool
that first went into private beta in 2006, isn’t in good shape.
Socializr has laid off most
or all of the staff and is running on autopilot. The
company confirms cost reductions but won’t go into more detail on the
scope of the layoffs. Compete shows Socializr peaking at 90,000 or so
monthly U.S.
visitors earlier this summer, which is certainly not enough to sustain
a venture backed business. The company raised a total of $2.25M
over two rounds, the latest in 2007. FULL ARTICLE @ TECH CRUNCH