Techstartup slow death watch: Seesmic

source:http://www.techcrunch.com/2008/10/10/getting-the-unparty-started-seesmic-lays-off-13-of-staff

Michael Arrington: 

 "It’s time to start slamming the reality of the Silicon Valley situation home to everyone. Seesmic founderLoic Le Meur lets seven employees go, he says, which is more than a third of the company. This comes on top of three employees let go a couple of weeks ago.

Le Meur says the company isn’t in dire financial trouble yet, noting he raised a $6 millionround just a few months ago. But he’s planning for a bleak fundraising future."