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University of Missouri System Endowment
Columbia, MO ,United States
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Kamehameha Schools
Honolulu, Hawaii ,United States
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Shyp Shutting Down
Shyp, a startup that let users ship packages with a few taps on a smartphone, has shut down. CEO Kevin Gibbon personally apologized in a blog post, expressing regret for embracing a "growth at all costs" strategy. The company raised $62 million, including a series B round led by John Doerr of Kleiner Perkins. Shyp, an on-demand shipping startup once compared to Uber, has shut down after five years in business and $62 million in venture funding. The news was ... Full investment news article
Relevent to this post: John Doerr
Louisiana Economic Development,
How Shyp Sunk: The Rise And Fall Of An On-demand Startup
The company that hoped to revolutionize shipping is ending operations today–a poster child for a whole era of venture-funded ideas that has come and gone. “It’s quite crazy, in my opinion, how a lot of these companies, they don’t really make money. And they’re able to raises gobs of venture-capital money, to fund these businesses that may not work out in the long term.”Read Full Story. Full investment news article
Relevent to this post: FedEx Pension Fund
John Doerr,