A look at the implosion of Zilingo, valued at $1.2B five months ago, as interviews suggest the fashion marketplace struggled under CEO Ankiti Bose for years
Bloomberg : Tweets: @yoolimleenews , @goldencaskcap , @yoolimleenews , @pelstrom , @yoolimleenews , and @yoolimleenews Tweets: Yoolim Lee / @yoolimleenews : Zilingo's board of directors is weighing options for the embattled Singapore startup after a financial adviser to the company said liquidation is the most viable solution and its co-founder presented an 11th-hour pitch for a management buyout. 9/11 https://www.bloomberg.com/... @goldencaskcap : Another company with a glamorous startup founder with a $1bn+ valuation and no audited financials? what could possibly go wrong?! How a 30-year-old CEO burned through millions of dollars to bring high-flying startup Zilingo to its knees https://www.bloomberg.com/... via @technology Yoolim Lee / @yoolimleenews : “Whatever happened at Zilingo, there will be a lot more dramas in the next couple of years as the big worldwide recession impedes hot shots from raising money,” said veteran investor Jim Rogers, chairman of Rogers Holdings Inc. in Singapore. “I've seen this rodeo before.” 2/11 Peter Elstrom / @pelstrom : Amazing deep dive into the rise and fall of tech superstar Ankiti Bose and Zilingo from @yoolimleenews @oliviapohtech @ByFarisMokhtar @Davidramli Months of reporting led to new information on why the board pushed out its CEO and lessons for all startups🧵 https://www.bloomberg.com/... Yoolim Lee / @yoolimleenews : Big Take: We spent last few months reporting out this deep-dive story on Zilingo. We interviewed over 60 ppl incl ex-CEO Ankiti Bose, reviewed dozens of internal docs to piece together a tale of how the celebrated startup unraveled. A🧵1/11 https://www.bloomberg.com/... @technology Yoolim Lee / @yoolimleenews : We delved deep into the drama of Zilingo. But it's about so much more than that. A tale about ambition, trust, betrayal and how we can bring about positive change in tech ecosystem. w/ @oliviapohtech @Davidramli @ByFarisMokhtar @pelstrom @majenterprise https://www.bloomberg.com/... https://twitter.com/...