About Gigaom’s Shutdown

Gigaom recently became unable to pay its creditors in full at this time. As a result, the company is working with its creditors that have rights to all of the company’s assets as their collateral. 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. We would like to take a moment and thank our readers and our community for supporting us all along.

Founder Om Malik writes, “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. Business, much like life, is not a movie and not everyone gets to have a story book ending.”

The site, long known for both its business and consumer-facing technology posts, had been open to experimentation in its business model. Like other media start-ups, Gigaom hosted a series of technology conferences that charged high prices for admission. The company offered a white-paper research business, and also sold advertising. The website boasted more than 6 million monthly unique visitors, and the company said its mobile reach topped 2 million monthly readers.