Roundup: Layoffs at Sitoa, GrandCentral gets knocked offline, and more
Here’s the latest action:
Big layoffs at Sitoa? — San Mateo-based Sitoa has laid off approximately 40 out of 70 employees in order to get to breakeven, we’ve heard from a source. The company has tens of millions in revenues, but fees are only 10% so the… Continue Reading
More music startups get funding: OurStage and mTraks
Some investors tell us there’s not enough opportunity in music-related innovation to merit their money. But apparently, others disagree. OurStage, one of many sites that tries to nurture budding artists, has raised $13 million from a consortium of angel investors through Signature Capital LLC. Another,… Continue Reading