A Break in the Chain

SingleSourceIT supply chain firm shuts down

Columbus, OH  VENTUREWIRE  December 11, 2000 -- SingleSource IT, a provider of Internet-based IT supply chain services for large companies, recently shut down, laying off all 55 of its employees.

SingleSource IT's founder, Randy Wilcox, attributed the closing to the loss of its main investor, the Mayfield Fund, which stopped its funding. The Mayfield Fund did not return calls for comment.

Mr. Wilcox is also the founder of Sarcom, an information products and services firm. SingleSource IT's other investors included McCown De Leeuw, which has an ownership stake in Sarcom.