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.

This is Brought to You by:
Tuff

Tuff

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

Acadium

Acadium

120 hours of digital marketing from a remote apprentice for only $299 (+ $50 off!)

NerdPilots

NerdPilots

Get fast, reliable web, mobile and software development help 24/7.

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)!

Your subscription could not be saved. Please try again.
Your subscription has been successful.

PoliMobile

Empowered campaigns with the power of mobile

General Information
Category
Marketing
Country
United States
Started
In 2011
Business Failure
Business Outcome
Shut Down
Closed
By 2015
Cause of Failure
No Market Need
Founders & Employees
Number of Founders
One
Name of Founders
Curt Prins
Number of Employees
Between 1 And 10
Funding
Number of Funding Rounds
Nothing
Total Funding Amount
-
Number of Investors
Nothing
Description

PoliMobile was launched in 2011 and had at its core the goal of providing political campaigns with a strategic way to reach their potential supporters while making use of the new technology. At first, PoliMobile began as a software-as-a-benefit (SaaS) platform and later updated into a Mobile application that could be utilized over an assortment of campaigns. PoliMobile's primary goal was to engage people by making use of text messages on their mobile. The application could recognize particular groups utilizing registration information and send customized messages that were used for building and creating awareness.

Cause of Failure

PoliMobile had a few major issues.

First of all, no one wanted to pay for such a service, and they doubted it could be more effective than the traditional campaigning methods that were already being used. Numerous campaigns agreed to accept trials but never ended up becoming paying customers and the founder realized that during the preliminary take-off stages he never actually asked politicians and people in charge of campaigns if and how much they would actually pay for such a product.

The founder also believed that PoliMobile might have been launched at the wrong time, because, although the technology was functioning well, its target market might have not been yet ready to use it.

Go on Reading

RewardMe

Intelligent CRM solution for local commerce

Marketing
Shut Down
$1.1M
Lack of Funds
Marketing
United States
In 2010
By 2015
Three
Between 11 And 50
Between 1M 10M
Lack of Funds
Shut Down
Koinex

Cryptocurrency exchange platform

Finances
Shut Down
-
Legal Challenges
Finances
India
In 2017
By 2019
Three
Between 51 And 100
No Data
Legal Challenges
Shut Down
Parse

Cloud-based software developer kits

Software and Hardware
Shut Down
$7M
Acquisition Flu
Software and Hardware
United States
In 2011
By 2016
Four
Between 11 And 50
Between 1M 10M
Acquisition Flu
Shut Down
Leap Transit

Provider of private transit and offers bus services

Transportation
Shut Down
$2.5M
Legal Challenges
Transportation
United States
In 2013
By 2015
One
Between 51 And 100
Between 1M 10M
Legal Challenges
Shut Down
Friendster

Social gaming site focused on entertainment

Social Media
Shut Down
$48.5M
Bad Market Fit
Social Media
Philippines
In 2001
By 2015
One
Between 11 And 50
Between 10M 50M
Bad Market Fit
Shut Down
Lookery

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
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)!

Your subscription could not be saved. Please try again.
Your subscription has been successful.