HighCircle.com, Walker Digital Backed Firm, Ceases Operations

Citing a lack of funding from investors in its third round of financing, Stamford, CT-based think tank Walker Digital Corp. has shut down HighCircle.com, an online referrals company headquartered in Los Angeles. ''High Circle has laid off all employees,'' says Man Jit Singh, chief executive of HighCircle. ''There's no money.'' Mr. Singh says that High Circle's executive team is continuing to look for a strategic partner. ''Our system is completely built, it is 100 percent operational and has been tested,'' he says.