Grandslam Alley Accelerator R.I.P.

Grandslam Alley, based in Troy NY has had a very short life. According to an article in todays bizjournals.com the accelerator is shutting down.

The article quotes co-founder John Max Miller (pictured on left) as saying “We decided the business model at its core was not sustainable”. Miller and co-founder Christine Tate (right photo) had created, or perhaps had tried to set up,  a $1 million fund to invest in companies. Interestingly, Miller's LinkedIn profile shows him as being CEO of Grandslam Alley only up until July of this year; Tate's profile however, indicates she is still CFO there as of this morning.