Monitor110 Shuts Down

Monitor110 has shut its doors after failing to raise another round of funding.  The news and data aggregation service had previously raised $20 million and had recently signed up over 100 trial clients at over 60 hedge funds, asset management firms, and investment banks for its research report service.  Silicon Alley Insider had reported last month that Monitor110 laid off one third of its staff and was trying to sell itself to Reuters.  Roger Ehrenberg offers in his blog, Information Arbitrage, a frank and insightful look into the rise and fall of Monitor110 as an investor and a co-founder.