When Startups Fail… Argyle Social Shutdown a Sign of the Times
CB Insights predicted a Series A crunch 16 months ago—1,000 early stage startups would die because the couldn’t raise another round of funds. But there’s another thing that often happens to early stage companies—they realize it’s too hard, there’s too much competition and they’re not growing at the clip they need to turn a decent profit any time soon. It’s just not worth raising more funds. That was the case for Argyle Social, a Durham startup early in to social media and marketing automation, an industry segment that has exploded in the last two years due to large venture...
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