Update: Now Ex-CEO Michael Cerda has the full spread on what happened here. Looks like the VCs are getting cautious. Wow, you mean the "give it away for free, make it up on volume" mantra isn't cutting it anymore?
I have just heard that Jangl has closed their doors. The story (unverified at this point) is that they ran out of money.
I will have more shortly…
Erik | sipthat.com