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.

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Radar Radio

UK digital radio station

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In 2008
By 2018
One
Between 11 And 50
Nothing
Mismanagement of Funds
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BitPass

Online payment system for digital content

Finances
Shut Down
$13.3M
Competition
Finances
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In 2002
By 2007
One
Between 51 And 100
Between 10M 50M
Competition
Shut Down
HitMeUp

Developed mobile marketing applications

e-Commerce
Shut Down
£50K
Lack of Experience
e-Commerce
United Kingdom
In 2011
By 2015
One
Between 1 And 10
Less Than 1M
Lack of Experience
Shut Down
Rafter

Textbook and course material provider for schools

Education
Acquired
$86M
Competition
Education
United States
In 2006
By 2016
One
Between 51 And 100
More Than 50M
Competition
Acquired
Shipitwise

SaaS software for transportation companies

Transportation
Shut Down
€419.4K
No Market Need
Transportation
Estonia
In 2016
By 2019
Five
Between 1 And 10
Less Than 1M
No Market Need
Shut Down
Leap Transit

Provider of private transit and offers bus services

Transportation
Shut Down
$2.5M
Legal Challenges
Transportation
United States
In 2013
By 2015
One
Between 51 And 100
Between 1M 10M
Legal Challenges
Shut Down
This is Brought to You by:
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)!

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