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JUL 03, 2013 - Business Insider

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Tough Times For NEA, A VC Firm That Put Big Money Into 3 Struggling Startups Lot18, Viddy And Beachmint*

Update: Contrary to an intitial report in PandoDaily, Beachmint board member and NEA investor Pete Sonsini says Beachmint is not returning any money to investors. If you follow the world of startups, you know Beachmint, Lot18 and Viddy have all made headlines over the past few years. Initially, they were recognized for raising big rounds of financing from notable investors. Each has raised more than $35 million (and in Beachmint's case more than $70 million) to date. Now, they're suffering management changes, layoffs, and some of their products are shutting down. Two of them, Viddy and ... Read More

Tags: Tough Times For NEA, A VC Firm That Put Big Money Into 3 Struggling Startups Lot18, Viddy And Beachmint*,  Buzzfeed Latest News