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July 19, 2011 01:03 am GMT
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/sYZsB4wrggc/
Nasty Lawsuit Between Radar Networks And A Very Upset Investor
There's a nasty, and very personal, lawsuit in progress between Radar Networks and a jilted investor, Kate Paley (daughter of CBS icon William Paley). The defendants include founder Nova Spivack, the company that eventually acquired Radar Networks (Evri) as well as investors Steve Hall, Ross Levinsohn and Baris Kardogan.The company, known by most through it's product Twine, was once doing quite well from an outsider's perspective, but the reality, according to the lawsuit, is that the company was scrambling for ways to stay in business by 2008. The way that the company raised new money, and the details around its eventual sale to Evri, are a warning to any startup - sometimes it's better to just shut down a failed company and move on.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/sYZsB4wrggc/
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