Reference site Helium raises $17M, lays off 18
Looks like a fresh infusion of venture capital isn’t always enough to stave off layoffs. Helium, a site where users can write articles sharing advice and debating hot topics, has raised $17 million in a first round of funding, according to TechCrunch’s Erick Schonfeld. But it’s also laying off 30 percent of its team, divided equally between engineering, customer service and sales — 18 people in all.
Mark Ranalli, the Boston company’s chief executive, said that… Continue Reading