A small investment company, Enduring Ventures, says it signed a letter of intent to acquire the assets of Scribe Media, pending financing (“we still need approval from the SBA/Bank and support from authors and shareholders for this to work”) and other diligence. Enduring Ventures co-founder Sieva Kozinsky wrote in a lengthy LinkedIn post that he will become interim CEO of the newly created business, which is designed to “continue serving Scribe’s existing customers.” In the same post, created in the Scribe Media account, he notes that the company laid off 10 more people from the skeleton staff (87 people were […]
