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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.

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Grooveshark

Web-based on-demand music application

General Information
Category
Music
Country
United States
Started
In 2006
Business Failure
Business Outcome
Shut Down
Closed
By 2015
Cause of Failure
Legal Challenges
Founders & Employees
Number of Founders
Three
Name of Founders
Andres Barreto, Josh Greenberg, Sam Tarantino
Number of Employees
Between 51 And 100
Funding
Number of Funding Rounds
3
Total Funding Amount
$4.6M
Number of Investors
No Data
Description

Grooveshark was the product of two young entrepreneurs. Grooveshark was a very popular streaming platform for music that was initially web-based and also had an app version for a period of time.

Cause of Failure

Grooveshark technology was worth of being admired, especially considering that it was an underfunded venture built by two college students who were learning about business as they went.

Grooveshark major weakness was that it illegally streamed music. The company was sued by multiple record labels and the app was subsequently banned from mobile marketplaces. The company shut down in April 2015 and the platform founder was found dead in his room a couple of months later.

Go on Reading

Zirtual

Dedicated virtual assistants for busy professionals

Software and Hardware
Shut Down
$5.5M
Mismanagement of Funds
Software and Hardware
United States
In 2011
By 2015
Three
Between 101 And 250
Between 1M 10M
Mismanagement of Funds
Shut Down
Salorix

Online social network engagement platform

Analytics
Shut Down
$3.5M
Bad Management
Analytics
United States
In 2009
By 2014
One
Between 11 And 50
Between 1M 10M
Bad Management
Shut Down
MatterFab

Selling affordable solutions for metal 3-D printing

Software and Hardware
Shut Down
$13.2M
Bad Business Model
Software and Hardware
United States
In 2013
By 2019
One
Between 1 And 10
Between 10M 50M
Bad Business Model
Shut Down
Digg

Enables users to share interesting stories

Social Media
Still Active
$49M
Competition
Social Media
United States
In 2004
Active
One
Between 51 And 100
Between 10M 50M
Competition
Still Active
Transpose

Smart workspace for businesses to manage projects

Productivity
Shut Down
$1.5M
Bad Business Model
Productivity
United States
In 2015
By 2015
Four
Between 11 And 50
Between 1M 10M
Bad Business Model
Shut Down
Argyle Social

Provided social media management tools

Marketing
Shut Down
$1.6M
Competition
Marketing
United States
In 2010
By 2014
One
Between 11 And 50
Between 1M 10M
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.

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