Game over. Gavin Belson has Pied Piper right where he wants them and there is no way out of it. The court battle of the century (binding arbitration) hasn’t gone as planned.
This year has been rough for the data compression startup trying to perfect the middle-out compression architecture that will have us all streaming any size movie file we can find. Ever since Pied Piper won TechCrunch Disrupt in Season 1’s finale, nothing has gone right. From almost getting kicked out of their spacious office because of zoning laws to having their big-break Series A be rescinded to their only investor nearly sabotaging maybe the last chance the crew had at crushing Hooli—it has been a disaster. And as other companies push forward with their innovative tech in the data compression world, maybe it’s time for Pied Piper to throw in the towel.
That doesn’t seem to be the way Richard has built the startup so far, however, and for sure not how entrepreneurs make it in the VC world. Winning a competition like TechCrunch Disrupt can be a launch pad for small companies that haven’t yet found the platform to open the eyes of the investors that want to find the next unic… billion-dollar company.
Here is a list of some of the past winners of the real TechCrunch Disrupt along with their funding details: