Flipt - Out of bidness?

flipt - Palo Alto, CA www.flipt.com
Carrier application- Communication- Community application
Provides location-based social networking technology.
$3.4 million
5/1/2006
($1.6 million previously announced)
New Enterprise Associates, Sequoia Capital ...Dead..?

Update: Flipt...not out of bidness. Name changes: Radiate --> Flipt ---> Loopt.

From Michael Arrington 9/05: Mobile presence application Loopt has launched its service tonight. Loopt uses GPS and related data to display the location of a user’s friends along with their presence status (available, away, etc) on maps and lists. Users will be able to request alerts when friends are within a certain distance, send messages to groups of friends within a certain distance and soon will be able to tag and blog physical locations in a way that’s accesible to friends through Loopt. The service is initially available only to Boost Mobile customers.

More from Siliconbeat 5/06: Radiate changes name to Flipt, raises $5M -- We've mentioned Radiate before. It is the stealthy start-up run by 21-year-old Sam Altman, that is developing social networking play that incorporates location-based technology into a mobile offering -- we don't know much more. It has now changed its name to Flipt (it has a placeholder at least). VentureWire (sub req) reports that big-name venture capital firms Sequoia Capital and NEA have backed it with $5 million.