Backplane
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Lady Gaga’s startup Backplane burns out and sells assets
“Why do you need money from me when you have every great investor on earth?” That’s the question that caused Backplane to buckle under the weight of its own early buzz. Lady Gaga’s social network builder startup has run out of money, gone out of business and sold its assets to a group of previous and new investors who will try to restart it. That’s according to… Read More
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Lady Gaga’s Backplane Crashes, Burns Money, Tries To Rise Again
You know what no one wants to do? Join a brand’s standalone social network. The problem is that it took Lady Gaga’s startup Backplane four years, multiple founders, and over $14 million to figure that out. According to four sources with intimate knowledge of the company, Backplane was in free fall for years. A bloated burn rate, mismanagement, and internal squabbles led to a… Read More
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