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Why Ringside Networks Failed

Posted on September 29, 2008

Ringside Networks, a Marlton, N.J.-based startup that raised an undisclosed amount of seed funding from Matrix Partners in January, has closed its doors. News of the move came via a blog post authored by the company s CEO and co-founder, Bob Bickel. The fact that Ringside, which was making an open-source social networking server for the enterprise, shut down isn t that big of a deal. The reason why, however, offers an important lesson for all startups hoping to get bought by one of the big web companies.Apparently Ringside was in the process of looking for Series A funding back in May ...

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