at least not this time for Mutant Logic and its investors. Mutant Logic of El Dorado Hills shut down about two weeks ago. I missed the news. It was in the Business Journal on 11/30, but I didn’t catch it until Adam Kalsey posted it on SacStarts here.
According to the articles linked to above, they spent about half of the $500k they raised, realized things weren’t going to pan out and will return the remaining money to investors. No shame at all in that. They had a good idea, they gave it a shot.
This won’t be the last time we hear from the Ben Mok, Brian Hoblit, Jorge Campos and the rest of the team that started Mutant Logic.
Good luck next time!