Visa Issues Scuttle Topix’s Acquisition Of Taploid, Gossip App Will Now Shut Down Amid Funding Crunch

Taploid Feature Done FInsihed

It’s a tough day for The Taploid and its plucky founder Redg Snodgrass. H1-B visa issues for the startup’s UK team soured a buyout by city forum site Topix, and investors have pulled out forcing the tabloid app to shut down and the team to scatter into consulting jobs. It’s a sobering moment that illustrates why the U.S. needs to fix its startup visa situation, and that the funding crunch is real.

If the visa for Taploid’s British development team including Ed Parsons a...

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