I <3 Uncov

Foldera Getting Ready To Go Tits Up

In this same statement, it was revealed that Foldera was burning $650,000 per month. That’s right. These fucktards were spending $7.8 million per year to make a web app that organizes files and calendars and shit.

And:

So I guess the end lesson here is that businesses aren’t willing to pay for a service where employees can keep confidential files & calendars on someone else’s servers, without a sysop that you can wake up at 4AM, and that is accessible from anywhere on the internet. Huh. Go figure.

Lovely work, men. Line up and kill the next bastard.