One of San Francisco's earliest technology blogs has suddenly folded.
Nine-year-old Gigaom released a statement on Monday announcing the closure, citing an inability to pay its creditors in full: "All operations have ceased. We do not know at this time what the lenders intend to do with the assets or if there will be any future operations using those assets. The company does not currently intend to file bankruptcy."
Company founder Om Malik left Gigaom in 2013 and joined venture capital firm True Ventures as partner, according to The Verge.
"Every founder starts on a path — hopeful and optimistic, full of desire to build something that helps change the world for the better, reshape an industry and hopefully become independent, both metaphorically and financially," Malik wrote about Gigaom on his own website. "Business, much like life, is not a movie and not everyone gets to have a story book ending."
Gigaom's website has not been taken down, but there is no new content as of Tuesday.
About Gigaom http://t.co/gHu2JLVuJU
— Gigaom (@gigaom) March 10, 2015
Goodbye Gigaom mad scientist lab, where I inhaled far more 3D printer fumes than I probably should have pic.twitter.com/mus3iiYdPa
— Signe Brewster (@signe) March 10, 2015
Just walked out of Gigaom for the last time. Thank you everyone. I will miss you all for rest of my life! http://t.co/IBOhRuZ4DZ
— Om Malik (@om) March 10, 2015