Hires The Thinkfuse Team And Shuts It Down

Marc Benioff

Photo: AP

Thinkfuse is the latest startup to happily close its doors after a big guy swooped in with some cash. In this case, it was doing the buying for undisclosed terms.The Thinkfuse team will head to and shut down its service on July 25, according to a post from the Thinkfuse founders. It offered a Web service that let team members file status reports to their project manager via e-mail.

Thinkfuse was a Seattle TechStars startup founded by some former employees from Myspace, Google, Amazon, and Microsoft. It landed a $500,000 angel round just by showing up to Silicon Valley a week before Y Combinator’s demo day in 2011, reported Michael Arrington on TechCrunch at the time. The next week, 40-some startups seeking seed money would be revealed, so they smartly snagged theirs when the angels were hungry.

There’s been a rash of this way of going out of business lately. Google bought some tech from KikScore and it closed its doors — though Google didn’t acquire the KikScore team. Then Facebook hired the team from Pieceable and it shut its doors.

NOW WATCH: Tech Insider videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at