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Jawbone, the consumer electronics firm once valued at $3 billion, is going out of business. The company has begun liquidation proceedings, after years of financial pressures, according to a person close to Jawbone.
Back in the heady private tech era of a couple of years ago, Zocdoc scored a sky-high unicorn valuation with some ambitious growth targets. It looks like the company—which helps people find and book doctors—may be falling short.
Jawbone, the iconic but long-troubled wearable electronics maker, in recent months has approached at least one hardware manufacturer about possibly selling itself, according to a person with knowledge of the discussion.
For all their braying about efficiency and the magic of open markets, venture capitalists are notoriously secretive about the only thing that actually matters in their own business: how much money they make for their investors. Returns are often a closely guarded secret.
Startups with wild dreams of repurposing carbon dioxide or forever replacing the egg have long sought out one man: self-made billionaire and the Valley’s most contrarian venture capitalist Vinod Khosla.