LieZoo faces latest down round. Pivots from EdTech to DeadTech.
The startup that taught zoo animals to lie about their food preferences faces new turmoil.
Turn of events became un-presidented when the president of the EdTech giant LieZoo resigned. The resignation was a result of a massive down round.
The president and CEO remarked — “The round was so low that I saw Adele rolling.”
The LieZoo team was advised to go for an IPO alongside BayTeeEm, a startup to pay for happy endings. But LieZoo team bet big on becoming the biggest startup of the country and doubled down on one of the prodege, a wolf who lied his way into NASA.
However, the board finally came out of a rather long green patch and smelled coffee for a change.
The president, as always, was at his logical best — “The board said the company is bankrupt. There’s no money. You’re dead… I heard Pivot.”
And that’s how a new category was born — DeadTech.
Watch this space for more companies driving down this highway to hell.