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Mobuzz *Not* Saved By The Community!

November 29th, 2008 · No Comments · Fundraising, Small Companies

When Mobuzz ran out of cash a few weeks ago and turned to the community to save it – we gamely pitched in our €5!  They never made their fundraising target of €120k but did manage to raise a remarkable €33k which the founders thought would be enough to accelerate negotiations with advertisers and keep the company afloat.  Now it seems that it just wasn’t enough.  There is a message on the Mobuzz homepage which reads:

It is with deep regret that we inform our friends and fans that MobuzzTV has closed officially today.

Click here to read the full text.

Hard luck to the team at Mobuzz – this must be a tough time for all involved.


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