Once a popular mobile quiz, HQ Trivia has decided to shut down after struggling to find a buyer or obtain a fresh round of funding. The ground-breaking live game show, which went viral three years ago, has been facing issues off late after some uproar at management in the parent company Intermedia Labs. The inability to find other his shows and the death of co-founder only added to its problem. According to reports, employees of the company were informed by the decision by an email from CEO Rus Yusupov. HQ Trivia was developed by Vine creators Colin Kroll and Rus Yusupov.
The chief executive officer blamed failed acquisition as the reason bid behind the unfortunate decision. “We are no longer getting funds from our lead investors so we will cease operations from today and move to dissolution,” the email reads. In his farewell tweet, Yusupov thanked everyone who helped to build HQ Trivia. There are currently 25 employees working for the company. HQ Trivia was in talks regarding acquisition with an unspecified buyer. Intermedia Labs, the parent company of HQ Trivia, has not commented on the development. The news about HQ Trivia shutting down is hard to believe especially because it was launched to great acclaim. However, it soon started struggling to provide a hit show after the demise of co-founder Colin Kroll.
The founders got millions in funding from investors like Lightspeed and Founders Fund in the early days. Internal turmoil started after the death of Kroll and half of the employee signed a letter asking the company to get rid of Yusupov. Later in April, the beloved host of the trivia show Scott Rogowsky resigned from the company. Lightspeed Partner Jeremy Liew, one of the investors of HQ Trivia, said that that it showed the real power of making genuinely fun digital experiences. Jeremy said that it is very sad to know that the company is being closed. “The company will always be remembered as a pioneer,” he added.