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Pioneering Tech Blog GigaOm Abruptly Shuts Down

The many analysts who participated as part of the GigaOm cadre of contributors are in a strange limbo

Pioneering Tech Blog GigaOm Abruptly Shuts Down

By Bob Gourley

Here is more on the GigaOm Shutdown:

Om Malik provided the most important insight to read on his personal blog, reporting that:

Gigaom is winding down and its assets are now controlled by the company’s lenders. It is not how you want the story of a company you founded to end.

Every founder starts on a path — hopeful and optimistic, full of desire to build something that helps change the world for the better, reshape an industry and hopefully become independent, both metaphorically and financially. Business, much like life, is not a movie and not everyone gets to have a story book ending.

There will be time for postmortems, but not today. Today, I want to thank all the people who make (and have helped make) Gigaom. Their role in this journey was what really made it all worth it. They are great people and they will all do great work wherever they go. I want to thank our investors who believed in the business long before it became fashionable. And most importantly, I want to thank you dear readers for coming along on this trip of a lifetime.

More facts were provided on the GigaOm site itself, which reported that:

Gigaom recently became unable to pay its creditors in full at this time. As a result, the company is working with its creditors that have rights to all of the company’s assets as their collateral. All operations have ceased. We do not know at this time what the lenders intend to do with the assets or if there will be any future operations using those assets. The company does not currently intend to file bankruptcy. We would like to take a moment and thank our readers and our community for supporting us all along.

The many analysts who participated as part of the GigaOm cadre of contributors are in a strange limbo. Many have not been paid for recent work with GigaOm, meaning they too are creditors, just not ones with very much legal standing.

So far there has been no insights reported on the 100's (possibly 1000's) of companies with access to the special research only sections of GigaOm behind their paywall. Many of these firms will have paid in advance for their access. They are now, in at least spirit, creditors who are owed something.

As companies evaluate how to fill their technology research needs we encourage all to consider our CTOvision Pro offering. All current GigaOm Research members are eligible for a 90 day free trial.

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Bob Gourley writes on enterprise IT. He is a founder and partner at Cognitio Corp and publsher of CTOvision.com