Paper had the right product at the right time and signed up some of America’s largest school districts. Investors such as SoftBank piled in as Paper raised US$380-million across two financings ...

'Paper cuts and stubbing your toe are always the last injuries you'd expect to hurt so much,' one person commented. 'I've gotten a cut from a postcard-like material, it hurt so bad,' another wrote.

Instead, he said, it is the result of a confluence of factors. "It's death by a thousand paper cuts," he said. Here is what he said: ...