“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.”
That was Shyp cofounder and CEO Kevin Gibbon back in early 2016, chastising some of his fellow entrepreneurs. At the time, he was scrambling to chart a different sort of future for his own venture-backed startup. But that quest ends today. A half-decade after its founding, San Francisco-based Shyp is ending operations and laying off all its employees.
Series B – Shyp
11
$50M
Kleiner Perkins Caufield & Byers
Jul 16, 2014
Series A – Shyp
1
$10M
Sherpa Capital
Sep 27, 2013
Seed Round – Shyp
26
$2.1M
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