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Dipsie shuts, already. Has the luck gone at 365 University?

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Just three months after launching, Dipsie, the company that was much anticipated last year, and which helped Web site owners reveal content that was stuck in the "deep web," has pretty much shut down. Chief executive Jason Wiener resigned unexpectedly just before the holidays. We wrote about them here.

This company was at 365 University Ave, where Google, PayPal and others went before and which was supposed to be the valley's luckiest spot. Even the landlord, through his Amidzad fund, was an investor. And they'd raised $3 million, which was supposedly enough until middle of this year. So perhaps they didn't run out of money. We didn't get much info from the former press relations person, but sometimes the right decision is to make the tough decision to close shop early and go home. In fact, that is the beauty of these times. Starting another company is cheap.


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Posted by: BillSaysThis on February 17, 2006 11:54 AM

It is _165_ University Ave, not 365.

Posted by: Alert Read on February 17, 2006 03:22 PM
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