information App Circa Goes On “Indefinite Hiatus”
Circa news, a cellular app with a cult following in the media and tech worlds, is winding down newsletter.
June 24, 2015
R.I.P. Circa information. A cellular information product that gained a cult following among journalists and techies, Circa announced nowadays that it has gone on an “indefinite hiatus.” The web site and app had now not been updated when you consider that June 21.
CEO and cofounder Matt Galligan broke the information via a submit on Medium. according to Galligan, the corporate does no longer have sufficient capital to proceed publishing:
Our mission was all the time to create a news company where factual, unbiased, and succinct information might be found. In doing so we recognized that constructing a income circulate for this sort of mission would take the time and selected to depend on mission capital to sustain. we’ve got now reached some extent where we’re now not able to continue information manufacturing as-is.
He brought that the corporate failed to shut on a “important investment,” and that Circa opted against an ad- or subscription-based monetization edition as a final-minute stopgap.
Circa supplied short, mobile-optimized updates on breaking information tales to subscribers. even though the corporate released a high-notch news delivery platform and attracted a core consumer base of outstanding influencers, it struggled to make the soar to a mass audience and compete with mobile information products offered by old-shield organizations just like the ny instances, CNN, and the BBC. Fortune suggested in April that Circa had did not get another round of funding, and used to be on the hunt for a buyer. (the corporate had previously raised greater than $5 million.)
quick firm interviewed Circa editor-in-chief Anthony De Rosa again in 2013 about his resolution to join Circa. Galligan also spoke to us about Circa’s laptop product previous this 12 months.
[Screenshots: via Circa]
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