Filed in archive Sites by robyn on January 15, 2006

Rumor has it that Ruckus has spent all their VC ($20M) and was at the end of it's bridge loan as of Friday. Same site suggests major layoffs are eminent.

Based in Herndon, Virginia, Ruckus is backed by Battery Ventures and Shelter Capital Partners which are leading technology investment firms that invest in businesses at all stages of growth with a focus on high-value contributions to companies that have the potential to become industry leaders.

Now, this is only a rumor, but this source is known for damaging, hot gossip that is very often credible. If you want the source, IM me, it's not a 'family-safe' site so I can't link to it here.

--Thanks FC. I don't know how to repay you since I can't give you a shot of Google juice :(

Related Entries:

Ruckus hits 100K - 10 May 2006
Ruckus Lands More Money and CEO - 14 August 2006
Ruckus Lands More Money and CEO - 14 August 2006
Ruckus and Labels To Save Our Youth - 28 January 2007

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Tags: ruckus.com ruckus+network

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