With Traction But Out Of Cash, 4chan Founder Kills Off Canvas/DrawQuest


“There’s a lot of glorification of startups and being a founder. People brush the failures under the rug, but that’s the worst thing you can do. You kind of have to face it head on,” says moot aka Christopher Poole. So rather than raise more money for his remix artist community Canvas and game DrawQuest, later today he’ll announce they’re closing. “No soft-landing, no aqui-hire, just ‘shutting down’ shutting down.”

[Update: DrawQuest and Canvas have now published blog posts confirming this article and telling their users what’s going on. Moot has also penned his own eulogy for his startup, and will be writing more in the future in hopes of educating other entrepreneurs.

In a touching part of his post-mortem, moot opens up saying “Few in business will know the pain of what it means to fail as a venture-backed CEO. Not only do you fail your employees, your…

View original post 888 more words


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s