34% of startups fail due to lack of product-market fit. Learn how to avoid it for only $15!
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.
Ajax-style online calendar application
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.
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.
Online app that provided healthy organic meals
Consumer healthcare technology company
Social gaming site focused on entertainment
Provider of private transit and offers bus services
Online platform that made creating hardware easy
Demographic marketing services in social networks