Summary:

Motricity, a 5-year old wireless startup in Durham, NC, is laying off around 50 employees according to reports in an effort to become profitable next year. Everytime I talk to the company they talk about their rapid growth and hiring boom, and they’ve raised over $150 […]

Motricity, a 5-year old wireless startup in Durham, NC, is laying off around 50 employees according to reports in an effort to become profitable next year. Everytime I talk to the company they talk about their rapid growth and hiring boom, and they’ve raised over $150 million in financing, with the last bit a series G round, to grow that large — too large too fast, it seems.

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