"The bad news is that the renewal rate was not high enough for us to have sufficient budget for full-time employees. After carefully considering a few different options, we are making the difficult decision to no longer employ any salaried employees, including founders. Dalton and Bryan will continue to be responsible for the operation of App.net, but no longer as employees."

Did these guys burn through over $3 million in less than a year? They got $2.5 million in August 2013. (http://techcrunch.com/2013/08/14/app-net-new-funding/)