Minnesota Startup Evolve Is Shutting Down



Via News Release

“Evolve or Die”. These were words our company [Evolve] lived by. But sometimes there isn’t a choice. And despite our desire and best efforts to find another way forward, we’ve run out of options. This is not the time to dissect all the reasons for how we reached this point, but there were a few major contributors: Lack of a viable business model; Investor funding to build viable alternatives (HQ 2.0 and Arenas); Failed acquisition; Stiff competition.”

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  • http://tech.mn Jeff Pesek

    Founder Adam Sellke says “It’s a simple story. Close, but no cigar.” though I have the sense that he’ll have more to share…