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Moped

Free messaging application

General Information
Category
Social Media
Country
Germany
Started
In 1998
Business Failure
Business Outcome
Acquired
Closed
By 2014
Cause of Failure
No Market Need
Founders & Employees
Number of Founders
One
Name of Founders
Schuyler Deerman
Number of Employees
Between 11 And 50
Funding
Number of Funding Rounds
1
Total Funding Amount
$1M
Number of Investors
4
Description

Moped was a social app available for every device. Registered users could send and receive messages from their network connections. Beside the messaging service for both private and business purposes, Moped also offered a variety of other services to its users online. Some of its features included the possibility to upload the content and share it online with other users through Dropbox, or even to explore what nearby places offer good services, food, party, etc, by partnering with the Foursquare App. Moped also allowed all registered users to perform complex tasks by using multiple apps at the same time, with the help of the integrated IFTTT (if this, then that) app.

Cause of Failure

The main reason why Moped didn’t take off was that it had not enough entertaining and fast-growing content of the kind that could attract a broad mass of users to join. They tried refreshing the old content by integrating a new feature which nonetheless was not recognized as something groundbreaking in the era where other social apps with similar features already enjoyed growing popularity.

Moped was unable to see that without significant revenues and with their old and outdated content, they could not stand a chance in competing with other similar social apps. Despite their efforts and the new ideas they implemented, they attracted a disappointingly small group of users but lost a greater amount of its initial user base. The popularity and the number of users saw a steady decrease. That defeat led to the loss of all their revenue and they couldn’t find someone to invest in additional rounds. Moped officially closed and was bought by Berlin-based company 6Wunderkinder which was in turn acquired by Microsoft in 2015.

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Sunrise

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Productivity
France
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Two
Between 11 And 50
Between 1M 10M
Bad Business Model
Acquired
Gowalla

Social Guide to world's cities

Social Media
Acquired
$10.4M
Competition
Social Media
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In 2007
By 2013
Two
Between 11 And 50
Between 10M 50M
Competition
Acquired
Delicious

Bookmarking website to save, organize and discover links

Productivity
Still Active
No Data
Acquisition Flu
Productivity
United States
In 2003
By 2017
One
Between 51 And 100
No Data
Acquisition Flu
Still Active
QBotix

Solar panels attached and regulated by robots

Software and Hardware
Shut Down
$23.5M
Multiple Reasons
Software and Hardware
United States
In 2010
By 2015
One
Between 11 And 50
Between 10M 50M
Multiple Reasons
Shut Down
Theranos

Consumer healthcare technology company

Health
Shut Down
$1.4B
Legal Challenges
Health
United States
In 2003
By 2018
One
Between 11 And 50
More Than 50M
Legal Challenges
Shut Down
Yik Yak

Anonymous location-based social network

Social Media
Shut Down
$73.5M
Legal Challenges
Social Media
United States
In 2013
By 2017
Three
Between 11 And 50
More Than 50M
Legal Challenges
Shut Down
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