The Industry Standard has ceased publication and is seeking a buyer, according to editors at the magazine.
Editor in Chief Jonathan Weber said about 15 employees were in the San Francisco office working on the next edition when they learned the news. Weber said that a decision on whether to file for Chapter 11 bankruptcy protection had not yet been made.
"It's no secret that we've had a financing issue," Weber said.
According to an a e-mail employees received from investors and the company's board of directors, the company's demise was due in part to efforts to prepare it for its initial public offering. One key element of the IPO preparations was establishing independence from IDG, which involved substantial investment in separate infrastructure, including information technology, real estate leases and liabilities. --Troy Wolverton, Special to ZDNet News