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Techvibes reports that, VOIP startup EQO would finally be posting the sign; “Road Ahead Closed”  in response to the financial crunch. Two months ago, EQO CEO Bill Tam had been optimistic that the company may head towards profitability when he announced 65% job cuts earlier.

Even after raising $13 million the startup wasn’t able to survive and we could see this as a sure sign that the party is over: as information about the management team has been removed from EQO’s About Us page.

But we see today that survival for startups and small businesses has become very tough even if jobs  are to be cut down, availing services such as of VOIP and spending money on them at the consumer end  is not as positive as it used to be, the people now going in a state of recession.