Shyp quickly became top-heavy, and now pays the price.
Shyp, the on-demand shipping service launched in 2013, has announced in a blog post that they are withdrawing from all but one city and “reducing headcount at headquarters” in an effort to “prove their business model and set Shyp up for long-term success.” As of today, the company will suspend operations in Chicago, Los Angeles and New York, and only operate in San Francisco, where the company is based.
Source: Shyp is reducing headcount and suspending all operations outside of SF | TechCrunch