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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SellanApp

Connected creatives with app developers

General Information
Category
Finances
Country
The Netherlands
Started
In 2012
Business Failure
Business Outcome
Bankruptcy
Closed
By 2015
Cause of Failure
Failure To Pivot
Founders & Employees
Number of Founders
Two
Name of Founders
Aernoud Dekker, Milan van den Bovenkamp
Number of Employees
Between 1 And 10
Funding
Number of Funding Rounds
5
Total Funding Amount
$961.1K
Number of Investors
No Data
Description

SellanApp sought to be the solution for people who had a great idea for an app but no resources or experience to actually materialize it on their own. The startup provided a crowdfunding model that would connect people with interesting apps concept with experienced app developers. After a user presented his/her app idea, anyone could show their interests in using the app and pledge to fund its development. The Apple App Store would then hopefully convert the idea into a revenue stream for the founders and the pledgers.

Cause of Failure

SellanApp targeted people without coding expertise or funds to make their App ideas emerge. Their App was initially successful and they took a step for App store optimization and worldwide promotion but this never lasted.

One reason Sellan App failed was linked to an unhealthy partnership whereby the two co-founders weren’t able to jointly run the business and there was a lack of transparency in terms of how the company was actually doing. They failed to have constructive dialogues on how to move forward or improve the platform. The company seemed to have lost focus multiple times, raising seed investments but never really changing their business model. The company finally suspended its services and filed for bankruptcy although it’s still not clear what exactly caused their finances to get out of control.

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Salorix

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Formspring

Encouraged people to get to know

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Kiko

Ajax-style online calendar application

Productivity
Acquired
$50K
Bad Management
Productivity
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In 2003
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Two
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Sidecar

Provided B2B delivery transportation network

Transportation
Acquired
$45.5M
Competition
Transportation
United States
In 2011
By 2015
Two
Between 51 And 100
Between 10M 50M
Competition
Acquired
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
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Shut Down
LayerVault

Allowed users to store and collaborate on design work

Design
Shut Down
$535K
Lack of Funds
Design
United States
In 2011
By 2014
Two
Between 11 And 50
Less Than 1M
Lack of Funds
Shut Down
This is Brought to You by:
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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