Tech Industry

Personal services start-up swept into Net dustbin

Mylackey.com ceases operations in all markets, citing its inability to raise the necessary capital to fund market and service expansion.

Mylackey.com has finished its chores.

The upstart, which provided consumers with a range of personal services from walking their dogs to detailing their cars, has posted a farewell note on its Web site with a "thank you" and "goodbye" to its customers and vendor partners.

Mylackey said it is ceasing operations in all markets, citing its inability to raise the necessary capital to fund market and service expansion.

Representatives for the company, which is based in Seattle, were not immediately available for comment.

Mylackey is the latest dot-com start-up in a growing list of new companies that have recently gone out of business. A number of Net companies continue to stagger across a shifting landscape that resulted from a drastic technology market correction in April, which lamed many highflyers and spooked investors.

The company in August announced the departure of its chief executive officer, Brian McGarvey. At the time, McGarvey stepped aside to allow a more seasoned executive to lead the company toward achieving its long-term objectives.

San Francisco-based venture capital firm WaldenVC and other angel investors were among the company's financial backers.