> Am I reading too much into this, or does this kind of pithy announcement usually hide skeletons? Genuinely curious here.
This line of thinking bothers me. It reads as if you feel like you're owed something from the company. Why does it matter?
If it's fundraising issues, lack of product market fit, founder disputes, team member stole the entire bank account, the end result is the same. They can't run the business. As long as there's a clear message and a path to EOL for active customers, what possible reason could help?
To me, it actually highlights the praise of the team and the products they built together instead of focusing on the details of why they're no longer operable. And reading the other threads here, they did a great job but there simply wasn't large enough captive market.