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Did Mrs. Google's Company Curl Into the Googleplex To Die? [Rumormonger]

Source: Valleywag

Nov 03, 2009

Summary

For a company with deep support from Google, 23andMe seems awfully beset by problems: Two layoff rounds in five months and the departure of a co-founder. So when we hear the company is "hemorrhaging cash," we're inclined to believe it.

The genetics-testing startup, co-founded by Anne Wojcicki, the wife of a Google co-founder, recently confirmed a fresh layoff round to TechCrunch. A source close to the company tells us close to 18 staff were let go in that round. "They're hemorrhaging cash with no real business plan," said the tipster.

A cash bleed would help explain some other recent developments: co-founder Linda Avery left in September, saying she wanted to focus on Alzheimer's research, according to emails first published by Kara Swisher at All Thing D. And in June, 23andMe laid off close to 10 employees, according to both our current and prior tipsters. Layoff rounds of about 10 and 18 workers are quite significant for a startup that once had an estimated mere 30 on staff.

In another, way, though, the layoffs seem odd: Google just put $2.6 million into th

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