Source: The Information
Summary
NextSlide, a company that provided tools for creating interactive presentations, has shut down. The company’s founder, Robert Angarita, said that the team members are now working on ChatGPT, a chatbot developed by OpenAI. NextSlide’s website is no longer available, and its social media accounts have been deleted. The company had raised $3 million in funding from investors. Angarita did not provide further details on the reason for the shutdown.
Our Reading
The launch follows a familiar script.
A startup raises funding, shuts down, and its team moves on to the next big thing. NextSlide’s tools for creating interactive presentations are no longer needed, it seems. The team is now working on ChatGPT, because what the world really needs is another chatbot. The shutdown is a reminder that even with funding, startups can still fail. NextSlide’s demise is just another example of the tech industry’s “innovation” through iteration.
Author: Evan Null
