The 2008 new year is looming and like many of the Venture Capitalists have been hoping the web 2.0 phrase may finally lose it’s luster and make way for the next buzzword, but not before loosing some casualties of war. Agloco one of the most hyped web 2.0 startups and a protracted launch (even longer than the 2.0 release of StartupAddict, may be going under according to Venture Beat. and a source that Agloco close to closing up shop. This comes on the heels of Edgeio and Feedster taking dirt naps as well.
Check out the nice explaination of the Agloco pyramid scheme and companies that attempt that method.
About Tod Whipple
They are indeed going under……I signed up for that scheme several months ago and they sent out a last ditch effort “email” today asking for investment help…seems the ship is sinking rather quickly.