Business Services Industry
Seattle-Based Technology Firm Closes Doors Due to Lack of Funding.
Knight Ridder/Tribune Business News, February, 2001
By Tricia Duryee, The Seattle Times Knight Ridder/Tribune Business News
Feb. 10--On Friday, FizzyLab will fizzle out.
The Seattle company plans to shut its doors and halt its subscriber-based services. Most of FizzyLab's customers are newspapers, including The Seattle Post-Intelligencer and The Denver Post. Its technology links stories on the papers' Web sites.
The company laid off about 50 employees two weeks ago with the hope of nailing down new funds, said Scott Hudson, chief executive and co-founder. But he was unable to secure more funding after raising $9.5 million in May.
In the next week, FizzyLab will bundle its software and hardware to be sold either together or separately at auction. Hudson said the technology can be...
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