Saturday, September 5, 2015

Docstoc isn’t the only product on Intuit’s chopping block

Today morning I received a email stating that Service Discontinuation Notice for its members. It was one of the good electronic document sharing service similar to slide share and rest others. Since Intuit is into accounting and taxation products the new decision would be to sharpen its focus on building ecosystems for taxation and small businesses. Docstoc appears to be another victim of Intuit’s new execution plan. "No pun intended".
Docstoc was founded eight-and-a-half years ago in Santa Monica, Ca. The company raised just $4 million across two funding rounds, including from Crosscut Ventures and Rustic Canyon Ventures.
Later after acquisition Docstoc cofounder and CEO Jason Nazar told that it took seven years to build this. However, the team said it plans to continue to support existing "premium" customers, but won’t allow new registrations.

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