Kiko failure

Kiko

Ajax-style online calendar application

Description

Kiko was an Ajax-style online calendar application that offered advanced features that included API integration with other websites and applications on the Internet. The app was particularly helpful to business professionals, event organizers, etc. One of the best features of the Kiko calendar app was that it had a user-friendly UI and it was possible to access one’s calendar from other computers with it. Kiko granted users the ability to invite and share calendars and events with anyone.

Stats

Category
Productivity
Country
United States
Started
In 2003
Closed
By 2008
Number of Founders
Two
Name of Founders
Emmett Shear, Justin Kan
Number of Employees
Between 11 And 50
Number of Funding Rounds
1
Total Funding Amount
$50K
Number of Investors
1
Precise Cause of Failure
Bad Management
Business Outcome
Acquired

Cause of Failure

Kiko lasted for just three years. The founders have moved to work on other projects, but they explained the reasons for their startup’s failure in a post.

The first reason according to one of the founders was that their team had wanted to work on various ideas and plans at the same time, this diverted their attention from their main project and ended up creating delays. The CEO admitted that they were too slow at times and wasted time on unnecessary things and neglected other matter that was instead crucial. To make it worse, they hired a wrong team member which affected the company’s productivity as he didn’t complete any task and disappeared for months. Failure to involve investors and seek their guidance from the beginning was also another blunder.

The software that powered Kiko was put for sale on eBay and it was bought for $258,100 in an auction.

Go on Reading

Other Startups

LuckyUnicorn t-Shirts
We've just launched 20 limited edition Failory t-shirts. Click here to buy one!

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.

Kiko

Ajax-style online calendar application

General Information
Category
Productivity
Country
United States
Started
In 2003
Business Failure
Business Outcome
Acquired
Closed
By 2008
Cause of Failure
Bad Management
Founders & Employees
Number of Founders
Two
Name of Founders
Emmett Shear, Justin Kan
Number of Employees
Between 11 And 50
Funding
Number of Funding Rounds
1
Total Funding Amount
$50K
Number of Investors
1
Description

Kiko was an Ajax-style online calendar application that offered advanced features that included API integration with other websites and applications on the Internet. The app was particularly helpful to business professionals, event organizers, etc. One of the best features of the Kiko calendar app was that it had a user-friendly UI and it was possible to access one’s calendar from other computers with it. Kiko granted users the ability to invite and share calendars and events with anyone.

Cause of Failure

Kiko lasted for just three years. The founders have moved to work on other projects, but they explained the reasons for their startup’s failure in a post.

The first reason according to one of the founders was that their team had wanted to work on various ideas and plans at the same time, this diverted their attention from their main project and ended up creating delays. The CEO admitted that they were too slow at times and wasted time on unnecessary things and neglected other matter that was instead crucial. To make it worse, they hired a wrong team member which affected the company’s productivity as he didn’t complete any task and disappeared for months. Failure to involve investors and seek their guidance from the beginning was also another blunder.

The software that powered Kiko was put for sale on eBay and it was bought for $258,100 in an auction.

Go on Reading

HiGear

Private car-sharing club for luxury and sports cars

Transportation
Acquired
$1.3M
Legal Challenges
Transportation
United States
In 2011
By 2011
Two
Between 1 And 10
Between 1M 10M
Legal Challenges
Acquired
Parse

Cloud-based software developer kits

Software and Hardware
Shut Down
$7M
Acquisition Flu
Software and Hardware
United States
In 2011
By 2016
Four
Between 11 And 50
Between 1M 10M
Acquisition Flu
Shut Down
Desti

Online travel guide app

Travel
Acquired
$2M
Bad Business Model
Travel
United States
In 2011
By 2014
Three
Between 1 And 10
Between 1M 10M
Bad Business Model
Acquired
Lookery

Demographic marketing services in social networks

Marketing
Acquired
$3.2M
Dependence on Others
Marketing
United States
In 2007
By 2009
Three
Between 1 And 10
Between 1M 10M
Dependence on Others
Acquired
Shipbeat

Shipping API for e-commerce companies

e-Commerce
Bankruptcy
€1.2M
Multiple Reasons
e-Commerce
Denmark
In 2014
By 2016
Two
Between 11 And 50
Between 1M 10M
Multiple Reasons
Bankruptcy
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