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Zambeel COO Skedaddles

NAS startup Zambeel Inc. has been dealt another blow with the resignation of chief operating officer Karl Schubert, sources tell Byte and Switch.

A source knowledgeable about Zambeel's plans says Schubert is waltzing out the door. However, this source says his exit has no bearing on the company's survivability.

"I think the issue they face is the same as many -- it's a crappy economy," says the source. "While their demise is possible, it's no more so than 90 percent of the other startups out there."

Neither Schubert nor Zambeel representatives responded to email and phone messages requesting comment. Zambeel's external P.R. agency says it is no longer working with the company.

Still, Schubert's departure comes amid rumors that Zambeel is running low on funding. The Fremont, Calif.-based company, founded in September 1999, has received $65 million to date from Kleiner Perkins Caufield & Byers, New Enterprise Associates (NEA), Integral Capital Partners, Amerindo Investment Advisors Inc., and other investors.

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