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One Million Gateways Startup Closes

July 1st, 2015 | Posted by pftq in Blabberbox | #
One of the main startups relating to Ripple and other cryptocurrencies for the past couple years just closed its doors due to investors pulling out.  
One Million Gateways Out of Business Announcement

It's pretty sad to see, but it lines up with a lot of other de-risking and drying up of capital I've been seeing this year.  The slow tightening of investor capital is one of the red flags I mentioned in my Perfect Storm write-up, the conclusions of which again seem to be coming a bit sooner than I intended.  Will be interesting to see if this is part of a larger trend or just a one off instance.
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