A startup founded by Canadian billionaire Peter Thiel that went public in 2014 has closed its doors.
The company, called The Next Platform, has just closed its fourth year of operations and will no longer be able to raise capital.
The news comes on the heels of the closure of The New York Times Company, a news outlet owned by Rupert Murdoch, which is shutting down after five years in business.
Thiel was a co-founder and chief executive officer of The Next Generation Group, which raised $100 million in its first round of funding in 2015.
The Next platform, which was built on an open source open source code base, was created as a community-driven project that gave creators of apps and services access to the same data that would be used in traditional venture capital.
In a statement to the Wall Street Journal, the company said it is focusing on continuing to grow its core business.
The move came after it was announced in June that it would be closed.
The platform was designed to give people the tools they need to start their own businesses, but it also was meant to make it easy for people to create their own content and share it with the world.
Thiel, a billionaire who co-founded PayPal with Peter Thiel, had been trying to build a startup since 2012.
He was recently named as a board member of the American Innovation Lab, a nonprofit focused on incubating startups.
The group plans to launch a crowdfunding campaign in September to raise money for a new platform, The Next Innovation Lab.
He said at the time that the startup is working on a number of projects.
“We’re excited to announce we’re closing The Next.
We’re committed to supporting the ecosystem that we built, and building new technologies and new business models.
We are excited to partner with our investors and will work to bring this company back to life,” Thiel said in a statement.
The next platform was created by a group of entrepreneurs, including Thiel, who cofounded PayPal.
The goal of the company was to make the world easier for everyone to start and grow their own business, but some felt that it was too limiting for entrepreneurs.
In an interview with VentureBeat in July, Thiel said that the Next Platform was an attempt to give creators the tools needed to make their ideas “more accessible and more widely distributed.”
“We think it’s a really good idea, but there are two problems with it: It’s a little restrictive, and it’s too much work to do the work,” he said.
“It’s too big of a project.
You’re creating an entire ecosystem.
You can’t just create a platform and say, ‘OK, let’s make this platform.'”