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“We became concerned with the way Revolar is being managed, and there is no real plan to pay the creditors back,” Hirsch said. “We believe that bankruptcy is probably the best forum in order to give Revolar the chance to save the product and get its creditors paid at the same time.”
Startups across Colorado raised $90M, led by Denver companies’ $53M, last month.
Time zones are tricky for tech sales.
Zcash, which said its currency of the same name offers greater privacy than well-known alternatives such as Bitcoin, established a Denver office this year in RiNo’s Industry coworking space.
One Boulder food startup has been cooped up for two years working on snack chips made out of chicken.
Sportube founder Paul Hields has launched an electric bike brand called Wildsyde.
Investors are showing faith in a 7-year-old Denver-based vacation rental company.
Company will use some of the money to buy a San Francisco coding school.
Startups in Denver accounted for nearly two-thirds of the $160 million raised statewide.
In August the startup will move into a LoDo office four times the size as it prepares to nearly double its Denver staff in the next six months.
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