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 in
2008
Number of Founders
2
Name of Founders
Emmett Shear, Justin Kan
Number of Employees
11-50
Number of Funding Rounds
1
Total Funding Amount
$50K
Number of Investors
1

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.

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