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Path Loses Biz Head Amid Rumors Of Over $7M In Funding From Dustin Moskovitz

on November 8, 2013

TechCrunch

It’s been a long, hard road for Dave Morin’s Path, as it has seen lagging growth in a tough (“fruit fly experiments” anyone?) social market. These data points mean that it’s had to trim down staff — and that it took awhile to raise its latest Series C funding round.

We’ve heard that Path’s Head of Business Matt Van Horn gave notice yesterday, in order to co-found his own company with Path iOS developer Nikhil Bhogal. We’ve also heard that Product Designer Danny Trinh left to raise funding for his own startup right before the company’s 20% layoffs in October. Both had been at Path for three years and had been co-workers at Digg before that.

But rumor has it that the bumpy road is about to get a little easier. According to one source the company is set to close an over $7 million raise (between $7m -$10m)…

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