34% of startups fail due to lack of product-market fit. Learn how to avoid it for only $15!

Startup Cemetery

A big resource for entrepreneurs and startup owners, in which we have collected and analyzed why +100 big companies have failed. Learn from mistakes, and avoid being part of the 90% of businesses that fail.

This is Brought to You by:
NoGood

NoGood

Your on-demand growth squad for SaaS, B2B, and eCommerce brands.

NerdPilots

NerdPilots

Get fast, reliable web, mobile and software development help 24/7.

This could be your AD. Sponsor Startup Cemetery to reach +10,000 entrepreneurs.

Subscribe to Our Newsletter!

Invite us into your inbox and get immense learning and 80+ deals on tools to help you scale your startup (worth up to $50,000)!

Your subscription could not be saved. Please try again.
Your subscription has been successful.

Crowdmix

Music streaming and sharing platform

General Information
Category
Music
Country
United Kingdom
Started
In 2013
Business Failure
Business Outcome
Acquired
Closed
By 2016
Cause of Failure
Mismanagement of Funds
Founders & Employees
Number of Founders
Two
Name of Founders
Gareth Ingham, Ian Roberts
Number of Employees
Between 101 And 250
Funding
Number of Funding Rounds
1
Total Funding Amount
£14M
Number of Investors
No Data
Description

Crowdmix was to be a music streaming and sharing platform on which people could listen and talk about their favorite bands. The company released a beta invite-only version of the app for DJ and musicians. The official app was never released.

Cause of Failure

Crowdmix extravagantly spent £14 millions of their investors’ money long before realizing a working product to the public.

The company spent lavishly on parties, flamboyant decorations for its offices and international travel for its staff. No one had a clear vision of the product, and founders kept adding features even before having a consolidated trial version. Moreover, Crowdmix lacked a clear  HR policy. This led to overstaffing and consequently contributing to the high running costs, with people being hired to ‘raise the company profile’ rather than because they actually provided a service for the company.

The founding CEO was reportedly forced to leave the company, which was left without any other investor willing to back it up and filed for bankruptcy.

Go on Reading

Take Eat Easy

Restaurants delivered to your door

Food and Beverage
Bankruptcy
€16.4M
Competition
Food and Beverage
Belgium
In 2013
By 2016
Four
Between 101 And 250
Between 10M 50M
Competition
Bankruptcy
PepperTap

Large and fast grocery delivery service

Food and Beverage
Shut Down
$51.2M
Poor Product
Food and Beverage
India
In 2014
By 2016
Two
Between 1001 And 5000
More Than 50M
Poor Product
Shut Down
Shipitwise

SaaS software for transportation companies

Transportation
Acquired
€419.4K
No Market Need
Transportation
Estonia
In 2016
By 2019
Five
Between 1 And 10
Less Than 1M
No Market Need
Acquired
FoundationDB

Scalable NoSQL layered database

Software and Hardware
Acquired
$22.7M
Acquisition Flu
Software and Hardware
United States
In 2009
By 2015
Three
Between 11 And 50
Between 10M 50M
Acquisition Flu
Acquired
Vine

Platform to share short looping video clips

Social Media
Shut Down
No Data
Multiple Reasons
Social Media
United States
In 2012
By 2017
Three
Between 51 And 100
No Data
Multiple Reasons
Shut Down
SpoonRocket

Next-gen, ultra-fast delivery platform

Food and Beverage
Shut Down
$13.5M
Competition
Food and Beverage
United States
In 2013
By 2016
Two
Between 11 And 50
Between 10M 50M
Competition
Shut Down
This is Brought to You by:
NoGood

NoGood

Your on-demand growth squad for SaaS, B2B, and eCommerce brands.

NerdPilots

NerdPilots

Get fast, reliable web, mobile and software development help 24/7.

Acadium

Acadium

120 hours of digital marketing from a remote apprentice for only $299 (+ $50 off!).

This could be your AD. Sponsor Startup Cemetery to reach +10,000 entrepreneurs.

Subscribe to Our Newsletter!

Invite us into your inbox and get immense learning and 80+ deals on tools to help you scale your startup (worth up to $50,000)!

Your subscription could not be saved. Please try again.
Your subscription has been successful.