Netscape failure

Netscape

Developed enterprise software solutions

Description

Netscape, or more precisely, Netscape Navigator, was one of the most significant internet applications in the history of the web. It was launched by Marc Andreessen and Jim Clark. Having built a highly innovative product and having no real competition back in 1995, the company was evaluated at $3 billion since the first day it went public and would go on to become one of the backbones to the Mozilla project.

Stats

Category
Productivity
Country
United States
Started
In 1994
Closed
By 2008
Number of Founders
Three
Name of Founders
James Clark, Jon Mittelhauser, Marc Andreessen
Number of Employees
Between 5001 And 10000
Number of Funding Rounds
1
Total Funding Amount
No Data
Number of Investors
1
Precise Cause of Failure
Poor Product
Business Outcome
Shut Down

Cause of Failure

Despite its early success, Netscape had no real chance to beat Microsoft who released IE 1.0 soon after Netscape and continued on improve on it until they finally took over Netscape and were able to offer a consistently better product than their counterpart.

Netscape eventually becomes obsolete for the most part but was, however, acquired by AOL in November 1998 for $4.2 billion. After the hire, the company tried again to release upgraded versions of the browser but the battle seemed to have already been won by Microsoft. Netscape finally decided to outsource their code which would later give rise to Firefox. AOL finally shut down Netscape in 2008.

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Netscape

Developed enterprise software solutions

General Information
Category
Productivity
Country
United States
Started
In 1994
Business Failure
Business Outcome
Shut Down
Closed
By 2008
Cause of Failure
Poor Product
Founders & Employees
Number of Founders
Three
Name of Founders
James Clark, Jon Mittelhauser, Marc Andreessen
Number of Employees
Between 5001 And 10000
Funding
Number of Funding Rounds
1
Total Funding Amount
No Data
Number of Investors
1
Description

Netscape, or more precisely, Netscape Navigator, was one of the most significant internet applications in the history of the web. It was launched by Marc Andreessen and Jim Clark. Having built a highly innovative product and having no real competition back in 1995, the company was evaluated at $3 billion since the first day it went public and would go on to become one of the backbones to the Mozilla project.

Cause of Failure

Despite its early success, Netscape had no real chance to beat Microsoft who released IE 1.0 soon after Netscape and continued on improve on it until they finally took over Netscape and were able to offer a consistently better product than their counterpart.

Netscape eventually becomes obsolete for the most part but was, however, acquired by AOL in November 1998 for $4.2 billion. After the hire, the company tried again to release upgraded versions of the browser but the battle seemed to have already been won by Microsoft. Netscape finally decided to outsource their code which would later give rise to Firefox. AOL finally shut down Netscape in 2008.

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Formspring

Encouraged people to get to know

Social Media
Shut Down
$14.3M
Legal Challenges
Social Media
United States
In 2009
By 2013
Two
Between 11 And 50
Between 10M 50M
Legal Challenges
Shut Down
HitMeUp

Developed mobile marketing applications

e-Commerce
Shut Down
£50K
Lack of Experience
e-Commerce
United Kingdom
In 2011
By 2015
One
Between 1 And 10
Less Than 1M
Lack of Experience
Shut Down
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Demographic marketing services in social networks

Marketing
Acquired
$3.2M
Dependence on Others
Marketing
United States
In 2007
By 2009
Three
Between 1 And 10
Between 1M 10M
Dependence on Others
Acquired
Crowdmix

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Music
Acquired
£14M
Mismanagement of Funds
Music
United Kingdom
In 2013
By 2016
Two
Between 101 And 250
Between 10M 50M
Mismanagement of Funds
Acquired
Wattage

Online platform that made creating hardware easy

Software and Hardware
Shut Down
$200K
No Market Need
Software and Hardware
Canada
In 2014
By 2015
Three
Between 51 And 100
Less Than 1M
No Market Need
Shut Down
Salorix

Online social network engagement platform

Analytics
Shut Down
$3.5M
Bad Management
Analytics
United States
In 2009
By 2014
One
Between 11 And 50
Between 1M 10M
Bad Management
Shut Down