Filmloop despools
Slideshow startup Filmloop — recently in the news for enduring the ostensibly "Golden Touch" of Guy Kawasaki and subsequently canning most of its staff — will be euthanized and dismembered. Comventures (among others) had invested in Filmloop, and supposedly the site's remaining cash will go to storage company Fabrik (another Comventures investment) to assist with Fabrik's acquisition of storage device maker SimpleTech. A tipster says the Filmloop founders "were forced to sell the company to Fabrik by one or more unknown investors." Guessing they're not rolling around in Youtube-level money, either — try nothing or close to nothing, per extensive Techcrunch dissection.