Online news stand eLinea is bankrupt. The startup, based in Delft, almost hit breakeven but suffered too much losses. eLinea offered access to offline magazines, through its online magazine. Earlier this year their competitor MyJour also had to shut its doors, which means Blendle and Maggy are basically the only startups left with the responsibility to save print media from extinction.
All you can read
eLinea was founded in 2013, before Blendle even existed. It featured access to a bunch of magazines through an all you can read model. Business was actually pretty good for the startup, says co-founder Marcel Suijkerbuik to website VillaMedia. New visitors converted to paying members more and more, losses decreased significantly. The startup neared the break-even-point, having over a thousand paying customers.