Visa Issues Scuttle Topix?s Acquisition Of Taploid, Gossip App Will Now Shut Down Amid Funding Crunch

It's a tough day for The Taploid and its plucky founder Redg Snodgrass. H1-B visa issues for the startup's UK team soured a buyout by city forum site Topix, and investors have pulled out forcing the tabloid app to shut down and the team to scatter into consulting jobs. It's a sobering moment that illustrates why the U.S. needs to fix its startup visa situation, and that the funding crunch is real.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/66RIFcFAErU/

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