Unfortunately, this comes at a time when Siren showed strong traction—relocation and expansion to New York, the formation of key partnerships, and user success stories that let us know we were onto something special.
Yet, as of this writing, a full calendar year later, they have not completed their obligation.
Instead, we received small, unpredictable amounts, with the other investors courageously stepping forward.
The efforts of two co-founders alone were not enough to compete with the well-funded companies in this space.
Unfortunately, this comes at a time when Siren showed strong traction—relocation and expansion to New York, the formation of key partnerships, and user success stories that let us know we were onto something special.” Founded in 2014 by Lee and co-founder Katrina Hess, who served as COO, Siren differentiated itself from other dating apps by prioritizing women’s safety and allowing users to engage through their answers to daily questions provided by local businesses and local cultural icons.
Our advisors and investors rallied us on and supported us in our darkest days, and here at the end, they are with us, restating how honored they are to have been part of this venture.
As the lead investor, we committed $225,000, of which 75% was disbursed over the last 12 months following the completion of due diligence.
It was only after meeting hundreds of people in tech that we could truly appreciate the courage and forward-thinking determination of everyone who signed on to help Siren make the tech world a more intuitive, humane place.At the end of our run, our QOTD hosts included Arianna Huffington, Anita Sarkeesian, and Esther Perel.Working with these inspiring women was a dream come true for us, and we only wish we had the runway to match the rest of our hustle.We’ve reached out to the firm for more details and will update this post when we hear back.Update: On Friday, Blackrun responded to Geek Wire and provided this statement: “Blackrun Ventures joined a number of investors to participate in Siren’s $500,000 seed funding round.But without a way to harness and distribute funds for expansion, we simply could not grow fast enough.