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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LayerVault

Allowed users to store and collaborate on design work

General Information
Category
Design
Country
United States
Started
In 2011
Business Failure
Business Outcome
Shut Down
Closed
By 2014
Cause of Failure
Lack of Funds
Founders & Employees
Number of Founders
Two
Name of Founders
Allan Grinshtein, Kelly Sutton
Number of Employees
Between 11 And 50
Funding
Number of Funding Rounds
1
Total Funding Amount
$535K
Number of Investors
3
Description

LayerVault's idea was to build a high-growth business in the design industry. The app helped you store, track, review, and deliver design work. The platform also gave its subscribers unlimited file storage and real-time updates and it had a companion iOS app. It built some good technology that explored new ideas and addressed a common need (pain) in the design community.

Cause of Failure

According to Kelly Sutton, LayerVault's CEO, the company was facing financial challenges. As a result, they exhausted their existing capital reserves and were unable to secure additional capital to sustain their services. The success of any business lies in its bottom line. LayerVault had many happy customers who routinely used the service and the way it integrated with other platforms, but it failed to build enough traction and become the go-to destination for version control.

Go on Reading

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
Dinner Lab

Membership-based social dining experiment

Food and Beverage
Shut Down
$9.1M
Bad Business Model
Food and Beverage
United States
In 2011
By 2016
Three
Between 11 And 50
Between 1M 10M
Bad Business Model
Shut Down
Verelo

Offered website monitoring services

Analytics
Acquired
No Data
Lack of Funds
Analytics
Canada
In 2012
By 2012
Two
Between 1 And 10
No Data
Lack of Funds
Acquired
Secret

Online platform to share personal secrets

Social Media
Shut Down
$35M
Legal Challenges
Social Media
United States
In 2013
By 2015
Two
Between 11 And 50
Between 10M 50M
Legal Challenges
Shut Down
RethinkDB

Scalable database for the real-time web

Software and Hardware
Acquired
$12.2M
Bad Market Fit
Software and Hardware
United States
In 2009
By 2016
Two
Between 11 And 50
Between 10M 50M
Bad Market Fit
Acquired
Sip

Daily tappable tech news and stories

Education
Shut Down
Nothing
Multiple Reasons
Education
United States
In 2018
By 2019
Three
Between 1 And 10
Nothing
Multiple Reasons
Shut Down
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GrowthMentor

Get 1-on-1 advice from vetted growth experts about your business.

Bookafy

Bookafy

Provide your clients and staff with a beautiful appointment booking experience.

Bookafy

HostGator

Easy and affordable web hosting and domain services for entrepreneurs.

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