New York-based Hashable announced in an email to its subscribers that it plans to shut down July 25, a year-and-a-half after it launched.
The company, which had provided an app that allowed users to keep track of the people they met or called, had raised seed stage funding from Union Square Ventures, Dace Ventures and individuals John Frankel (now with ff Venture Capital) and Jeff Singer, according to the database of Thomson Reuters (publisher of peHUB).
CEO and founder Michael Yavonditte told peHUB that he plans to next focus on a mobile ad company. “We’re not yet talking about specifics but we’ve been working on new ad system for a month now,” he told peHUB in a direct message on Twitter. He added that mobile advertising is a “space where we have an unfair competitive advantage. We competed successfully against GOOG last time.”
Yavonditte previously was CEO of the advertising network Quigo, which AOL bought in late 2007 for more than $360 million. Yavonditte is also a listed investor in some 40 companies, including Kolut, Meetup.com, Flurry and Engagio.
HASHABLE’S EMAIL LETTER TO SUBSCRIBERS
Dear Hashable Users,
We regret to inform you that the Hashable mobile apps and Hashable.com will be shutting down on July 25th. The service will be unavailable after this date.
While we are still very passionate about making better connections and meeting new people, the time has come for us to focus our energy elsewhere.
Some of you have stored valuable information in Hashable, and we want to give you the opportunity to save that data for your own records. If you’d like to receive a file with your complete history, please log onto Hashable.com, navigate to the “Profile” tab, then to the “Your History” section on that page. You can download the file by clicking “Export full history to .csv” and accepting the dialog that pops up.
We are incredibly grateful for all the people we have met through Hashable. Thank you for all your support, and we hope to connect with you again in the future.
All the best,
The Hashable Team