Comments on: MatchMine Throws In The Towel

By: Mark Jones

Mark Jones — Mon, 13 Apr 2009 03:04:16 +0000

Always very sad to see people put out of their jobs. I am sure there were many great, talented people at matchmine, and I wish them all the best. Have to say the guy I interviewed with, Todd, was an arrogant douchebag, no other way to put it. He was making and receiving phone calls throughout the interview. I had a bad feeling even though he assured me that everything was as secure as could be with Kraft backing. And then the other shoe fell.

By: hugh Johnson

hugh Johnson — Wed, 25 Feb 2009 19:43:00 +0000

Well, Mike screwed the pooch again. A lot of brains very little practical biz savy.

By: Veille Deux » Blog Archive » Licenciements Tech, Internet et Médias, ça continue…

Tue, 04 Nov 2008 12:05:30 +0000

[...] on notera Revision3 (10), Emusic (10), Sugar Publishing (9), Aliph/Jawbone (25), matchmine (42, au terminus), et Gizmos (10). Parmi les sociétés dites “medias” on compte Gannett (3,000), Time [...]

By: Layoff Stats in the Tech Sector | aajkacopypaste…lets kill some time!!!

Mon, 03 Nov 2008 18:34:06 +0000

[...] TechCrunch [...]

By: Licenciements Tech, Internet et Médias, ca continue…

Licenciements Tech, Internet et Médias, ca continue… — Mon, 03 Nov 2008 07:14:22 +0000

[...] on notera Revision3 (10), Emusic (10), Sugar Publishing (9), Aliph/Jawbone (25), matchmine (42, au terminus), et Gizmos (10). Parmi les socuetes dites “medias” on compte Gannett (3,000), Time [...]

By: Another Week, Another 18,885 Layoffs

Another Week, Another 18,885 Layoffs — Sat, 01 Nov 2008 14:09:06 +0000

[...] job cuts at Revision3 (10), Emusic (10), Sugar Publishing (9), Aliph/Jawbone (25), matchmine (42, deadpool), and Gizmos (10). We’ve also started adding media companies facing disruption from the [...]

By: Brian

Brian — Thu, 30 Oct 2008 20:44:05 +0000

Mike was kind enough to open up his office to me for well over an hour last year to pitch a business I was attempting and never once did he look at his watch to get me out. Stand up guy and I wish him luck in his future endeavors. – Brian

By: Kenneth Yeh

Kenneth Yeh — Wed, 29 Oct 2008 08:51:01 +0000

Mike and his team are amongst the best people I have had the pleasure of working with. We’re one of their partners and got a call from one of their team members right away to help with the transition. I hope Mike and his team get through these difficult times.

By: Bruce Warila

Bruce Warila — Wed, 29 Oct 2008 01:07:00 +0000

Great concept. Three years early. This is something that needed a really long ramp.

By: Fabio De Bernardi

Fabio De Bernardi — Tue, 28 Oct 2008 22:23:30 +0000

I met Mike at web2.0expo in NYC and he came across as a genuinely great guy, so I’m really sorry for him in first instance.
Furthermore, I think that Matchmine’s business is good and it basically found its roots where the Internet is heading / will be heading – higher personalization and significant value added for users. So, it’s a loss for everybody.

Keep up with the good work you guys have done.

By: Regina

Regina — Tue, 28 Oct 2008 18:07:50 +0000

WeatherBill is going strong because companies large and small are more concerned than ever with maintaining their profit expectations. The last thing they need is unexpected weather depleting what profits they have or increasing costs. Announcing to a board of directors that you’re company failed to meet profit expectations because of bad weather is no longer an option.

BTW, the Weather Risk Management Association (WRMA) announced this year that the value of coverage in the weather risk management industry rose 76 percent to $32-billion in 2007-2008, up from $19-billion in 2006-2007.

By: Richard

Richard — Tue, 28 Oct 2008 16:41:27 +0000

They must not have fell far short of their milestones? Curious, any revenues?

By: Mike Troiano

Mike Troiano — Tue, 28 Oct 2008 14:22:19 +0000

For the record…I’ve already published a comment in the matchmine blog to clarify that that sentence (“It’s one thing to be failed, quite another to have been deceived”) was NOT a reference to our investors at all.

I was concerned that the partners we were engaged with – and the prospective partners we were still pitching as late as Thursday – might feel deceived by us. We may have failed them, in good faith, but that’s different than lying through our teeth knowing we were going to shut the company down on Monday. Hence the failure vs. deception distinction.

By: wes

wes — Tue, 28 Oct 2008 11:39:30 +0000

Thought this was a dating service no wonder it went out of business when i found it wasn’t maybe thats where what they should do with all there traffic………at least they will make money

By: F-ckedCompany

F-ckedCompany — Tue, 28 Oct 2008 03:40:09 +0000

MatchMine was hiring heavily last summer and they had some very weird product visions…not easily understood IMHO. I’m sure the Kraft Group got cold feet very quickly when they see stock market dropping, Sequoia’s warning bells and dropping advertising rates.

By: Will

Will — Tue, 28 Oct 2008 02:19:14 +0000

I feel that there was a very strong business model in highly targeted advertising served off the same technology used to make recommendations. The problem was, the money hadn’t started coming in yet, so the Krafts’ must have just looked at the bottom line and decided not to go forward.

By: Will

Will — Tue, 28 Oct 2008 02:16:51 +0000

It was a large company, which certainly made for a high burn rate, but also gave it the ability to do things competitors couldn’t. So, really, it was just a victim of an investor tightening the purse strings in a rough economy, at least as far as I’m aware.

By: wren

wren — Tue, 28 Oct 2008 01:45:36 +0000

The Krafts took a big hit over the last month. Lots of angels and LPs are in the same boat. They want and need their money back. SImple as that. And the lack of an obvious business model. And overcrowding in the music rec. space. And bad karma.

By: Web2.0 Chick

Web2.0 Chick — Tue, 28 Oct 2008 01:21:20 +0000

Most unfortunate… Speaking of which, I’m wondering how WeatherBill (a CA-based weather derivatives startup highlighted by T.Crunch some time back) is doing – amidst the turmoil in the banking industry. Can anyone shed some light?

By: Andrew Wise

Andrew Wise — Tue, 28 Oct 2008 01:15:36 +0000

Best of luck to the team, I’ve been working with them for a couple months. A great group of guys.

This announcement comes completely out of the blue, and they were doing business as usual as far as I know up until this post..

By: Yihong Ding

Yihong Ding — Tue, 28 Oct 2008 01:10:36 +0000

This is a sad news. In person, I have some connection with the founder. Hence it is even a shock for me to hear the news.

Wish the team be lucky at this tough time.

Yihong

By: Ben Fremer

Ben Fremer — Tue, 28 Oct 2008 00:35:54 +0000

(not implying anything about these circumstances, but it’s a good point about degrees in general…especially with tech)

By: Ben Fremer

Ben Fremer — Tue, 28 Oct 2008 00:33:21 +0000

Classic comment.

By: Gebadia Smith

Gebadia Smith — Tue, 28 Oct 2008 00:28:17 +0000

Why did it fail? From the eyes of an innocent? What would you have done differently?

By: wisdoom

wisdoom — Mon, 27 Oct 2008 23:46:59 +0000

Sad to hear this news, funding down the drain.