Foundry's Borrowed & Blue Shuttered After Financial Improprieties Discovered
Borrowed & Blue, a wedding planning startup which was backed by Foundry Ventures--and which had an office in Boulder--has been abruptly shuttered, after financial improprieties discovered by the company's board. According to reports, one of the co-founders of the startup--based in Charlottesville, Virginia--was found to have put "significant" personal charges on a business credit card, including "large personal purchases". A local, Charlottesvile television station said the company's baord made the decision to return funding to the company's investors, and close the company, which employed nearly 30.
posted on Wednesday, November 1, 2017
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