Groove Gets Fudning, Cuts Work Force


Posted

in


Dave:

News.Com reports that Groove has raised more money, $38 million, and has laid off 20 percent of its employees. By my count, they have raised $140 million. How many dollars per user is that? How many dollars per employee? Imagine if Pyra had raised $140 million. (They could have bought UserLand, and still had some cash left over. Hehe.)

I don’t want to jinx anyone by mentioning names, but I hope that everything goes as well as possible for everyone that we know inside Groove.