Mr. Grapevine tells us that Techtribe founder, Rohit is working on a new startup – TenMarks
A look at whois gives some information: Registrant: Rohit Agarwal, 117 Mallorca Way, San Francisco, California 94123, United States.
More than the information from whois, what we really know (since the last 3.5 months) is that the Techtribe was under serious pressure to perform – and Canaan might write off the investment (as some of you already pointed out) or sell it off.
What about Techtribe?
Joins our shortcircuit pool. Well, check out the alexa traffic:
Why do you think the Techtribe’s online recruitment model failed? Was it too BD (i.e. business development) heavy? Or due to lack of any significant user engagement? Well, they raised $2mn in 2007 (from Canaan Partners) and as far as I remember, they did spend a good amount of money on adwords.
So, do you need real techies to drive such system? What’s your take?
The new venture, Tenmarks, it seems is an inspiration from doostang? Too early to say.
Update: Seems that media (and other bloggers) have started writing about Techtribe’s deadpooled state now. To keep things in perspective, the decision to cloes Techtribe was taken around August 2008. We have been aware of this, but decided to let things unfold by itself.