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

Zulily

Online retailer that offered daily deals

e-Commerce
Shut Down
$194.6M
Bad Marketing
e-Commerce
United States
In 2009
Active
Two
Between 1001 And 5000
More Than 50M
Bad Marketing
Shut Down
Flud

Social news reader for different platforms

Productivity
Shut Down
$3.1M
Multiple Reasons
Productivity
United States
In 2010
By 2013
Two
Between 11 And 50
Between 1M 10M
Multiple Reasons
Shut Down
PoliMobile

Empowered campaigns with the power of mobile

Marketing
Shut Down
-
No Market Need
Marketing
United States
In 2011
By 2015
One
Between 1 And 10
Nothing
No Market Need
Shut Down
Navdy

Augmented driving device for cars

Transportation
Shut Down
$41.8M
Multiple Reasons
Transportation
United States
In 2013
By 2018
Two
Between 51 And 100
Between 10M 50M
Multiple Reasons
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
Turntable.fm

Online interactive platform for DJs and listeners

Music
Shut Down
$7M
Bad Business Model
Music
United States
In 2011
By 2013
One
Between 1 And 10
Between 1M 10M
Bad Business Model
Shut Down
This is Brought to You by:
Tuff

Tuff

Grow your business with less hassle, risk, and cost with an on-demand marketing team.

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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