Shuts Down Shop Shuts Down Shop is officially closed down. The daily vid-cast startup, who recently gained a great deal of publicity after publicly begging for money from their users, is no more. Although they did not find the total amount of money needed from their viewers, they did claim they had found enough to keep them running – alas, it appears, only for two weeks.

You’ll see in their original video, they promised that should they not survive – they would return every penny to the viewers who sent in their donations – I’d be very interested to hear if that is the case.

A notice on their website says:

It is with deep regret that we inform our friends and fans that MobuzzTV has closed officially today. We need to take some time to see how best to reorganise our project. We have been talking with many interested parties but unfortunately we have not been able to financially sustain our operations until the agreements were closed. We would like to take this opportunity to thank all of you who have donated to save Mobuzz, and let you know that as we shall not be continuing we will be returning all the donations to you.

We are tremendously proud of all the shows we have produced over the last 4 years and we remain convince that online video has a great potential. When we started working on Mobuzz, we knew that it was an ambitious project. Sometimes it works, sometimes it doesn’t. Although we are deeply disappointed with the way this adventure has ended, we hope that it will not stop us from daring to act on inspiration.

The past few years have been an amazing journey. We would like to thank all of the fantastic people who have helped us along the way. All of our friends who provided us with valuable feedback about how to improve our shows; the blogging community, who has proven to us that “community” is more than just a word; and the friends and family who have supported us as we pursued what undoubtedly seemed like a crazy dream back in 2004.

We have met many incredible new people thanks to Mobuzz. We hope you will stay in touch as we move on to a new future.

See you in our next year!

The Mobuzz Team

Read next: Nimbuzz, coming to an iPhone near you

Shh. Here's some distraction