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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QBotix

Solar panels attached and regulated by robots

General Information
Category
Software and Hardware
Country
United States
Started
In 2010
Business Failure
Business Outcome
Shut Down
Closed
By 2015
Cause of Failure
Multiple Reasons
Founders & Employees
Number of Founders
One
Name of Founders
Wasiq Bokhari
Number of Employees
Between 11 And 50
Funding
Number of Funding Rounds
3
Total Funding Amount
$23.5M
Number of Investors
7
Description

QBotix seemed like a very promising cleantech startup, so much so that it was able to raise a collective $23.5M in funding. QBotix offered solar panels that were attached and regulated by robots which could track solar light and rotate the panels automatically. The aim was that of reducing systems cost and maximize efficiency and productivity.

Cause of Failure

QBotix had a useful and innovative product. The two-axis tracker system they came up with was the first of its kind and it was supposed to be an upgrade from the one-axis solar trackers present in the market. What happened, though, was that the technology and the efficiency of their competitors in the single-axis sector improved so rapidly that it made the traditional product more cost-effective and optimized than what QBotix came up with.

Adding to that, investors realized that the market acceptance and adoption of QBotix weren't as fast as they were expecting it to be so funding started to dwindle. QBotix then tried to license the product and provide its software for other companies to use, but the move wasn't successful and they had to lay off their staff and announce the shutdown of their operations.

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DotCloud

Enabled developers to host, assemble and run their applications

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Bankruptcy
$13.7M
Mismanagement of Funds
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In 2008
By 2016
One
Between 251 And 500
Between 10M 50M
Mismanagement of Funds
Bankruptcy
Flud

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Shut Down
$3.1M
Multiple Reasons
Productivity
United States
In 2010
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Between 1M 10M
Multiple Reasons
Shut Down
Frankly

Messaging app for frank conversations

Social Media
Shut Down
$600K
Bad Market Fit
Social Media
India
In 2014
By 2016
Two
Between 51 And 100
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Bad Market Fit
Shut Down
Sunrise

Calendar app for mobile and desktop

Productivity
Acquired
$8.2M
Bad Business Model
Productivity
France
In 2012
By 2016
Two
Between 11 And 50
Between 1M 10M
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Netscape

Developed enterprise software solutions

Productivity
Shut Down
No Data
Poor Product
Productivity
United States
In 1994
By 2008
Three
Between 5001 And 10000
No Data
Poor Product
Shut Down
TeeBeeDee

Network for people over 40 to share experiences

Social Media
Shut Down
$4.8M
Bad Business Model
Social Media
United States
In 2007
By 2009
Four
Between 11 And 50
Between 1M 10M
Bad Business Model
Shut Down
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GrowthMentor

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

Bookafy

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

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Easy and affordable web hosting and domain services for entrepreneurs.

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