It’s frustrating (to say the least) that we cannot continue to work on Everpix. We were unable to secure sufficient funding in order to properly scale the business, and our endeavors to find a new home for Everpix did not come to pass. At this point, we have no other options but to discontinue the service.
Casey Newton of the Verge wrote an in-depth article about the shutdown.
It’s truly unfortunate that such a great product could not secure funding while yet another crummy social network can be valued at a billion dollars. These guys are some of the best engineers and they managed to produce a product that was useful and engaging, but it wasn’t able to succeed in a VC market dominated by people looking for the next Facebook, Instagram, or other free, ad-supported social network. Terrible.