John Peters, CEO of under-pressure agent-lead service Tripology, has broken his silence after a difficult week for the New York-based company.
On the agent blog section of the Tripology site, Peters explains the turmoil he and the team went through after learning that their recently installed investor (Markus Deutsch, although he has not been named in any of the recent correspondence) was pulling out.
Deutsch was installed as a board member in December 2009 and also became a financial backer of the business through an investment vehicle.
There is no information as to what led to Deutsch reversing his decision to become a strategic and financial partner in the business after just seven weeks.
The highly emotional post from Peters sets out what an apparently traumatic situation Peters found himself in late last week - a scenario which had a huge impact on the company's staff as most are now looking for new employment.
Nevertheless, the CEO says a number of discussions are taking place with potential investors.
In an email exchange with Tnooz last night, Peters refused to discuss the situation with Deutsch, saying "I’ve not the time nor inclination to dissect something that has already happened".
He adds:
"I simply have to concentrate on my goal of finding new investors and I’m sure you can appreciate how much time and focus this requires."
Tnooz is still yet to obtain a response from Deutsch.