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June 8, 2012 08:56 am GMT

500 Startups-Backed Cloud Productivity Tool 300.mg To Close Its Doors Next Week

Screen shot 2012-06-07 at 9.01.27 PMunching its public beta in the fall of last year, 300milligrams (also known as "300.mg,") set out to build a "priority inbox for team conversations." The startup was one of the 34 teams in 500 Startups' Fall 2011 batch, and, after graduating in January, spent the first half of this year iterating, trying to find its stride, some follow-on funding, and a workable business model. Alas, it seems that 300.mg was unable to find the cash it needed to press on, as TechCrunch learned today that the startup will be closing its doors next Friday, June 15th. According to an email sent to its users, the service will be officially shuttering its service on June 15th, and "all data will be deleted."

Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/pjXBVZHqAUk/

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