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May 20, 2015 04:20 pm GMT
Smartwatch maker Pebble seems to be in some trouble. According to sources close to the company, the company is having trouble maintaining its growth and has turned to a Silicon Valley bank for a $5 million loan and $5 million line of credit. Valley VCs have been turning down the company’s requests for new capital. Pebble CEO Eric Migicovsky offered no comment. The company, which… Read More
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/pBV7L0UmqAo/
Rumor Has It That Pebble Is On The Rocks Even With $18 Million In The Bank
Smartwatch maker Pebble seems to be in some trouble. According to sources close to the company, the company is having trouble maintaining its growth and has turned to a Silicon Valley bank for a $5 million loan and $5 million line of credit. Valley VCs have been turning down the company’s requests for new capital. Pebble CEO Eric Migicovsky offered no comment. The company, which… Read MoreOriginal Link: http://feedproxy.google.com/~r/Techcrunch/~3/pBV7L0UmqAo/
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