GigaOm
The business, the turning points, and the decisions behind them.
01 / WHAT IT BUILT
Technology media, research, and events
GigaOm operated a technology-focused media business alongside subscription research and industry events.
02 / GigaOm FAILURE REASONS
Failure factors supported by the current evidence
A heavy debt burden and continuing cash obligations left GigaOm unable to pay creditors; after a sale attempt failed, investors stopped funding the company.
Debt service and continuing cash obligations left the company unable to pay creditors.
A sale attempt failed and investors stopped providing further funding.
03 / EVENT HISTORY
Events in the structured record
- Operations ended
unable to pay creditors in full; creditors hold rights to all assets as collateral; all operations ceased. Founder Om Malik (om.co, opened): "Gigaom is winding down and its assets are now controlled by the company’s lenders.
04 / CONTEMPORARY REBUILD ASSESSMENT
Difficulty of rebuilding this project today
Material for this section is being gathered and checked. It will appear here once ready.
Overall assessment: Not completed
05 / CAUSAL CHAIN
How the factors connect
- 01
In March 2015 Gigaom told staff and readers it was shutting down after becoming unable to pay its creditors in full; all operations ceased immediately.
- 02
The company's lenders and creditors held rights to all company assets as collateral, and Gigaom said it did not intend to file bankruptcy.
- 03
In May 2015, Houston-based publishing startup Knowingly Corp acquired Gigaom's remaining assets, the website and its eight years of content, for undisclosed terms, and relaunched the site in August 2015.