34% of startups fail due to lack of product-market fit. Learn how to avoid it for only $15!

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:
Stacked Marketer
Stacked Marketer

Marketing industry news, tech, and advice — a 100% free jam-packed 5-minute daily read.

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.

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.

Go on Reading

Turntable.fm

Online interactive platform for DJs and listeners

Music
Shut Down
$7M
Bad Business Model
Music
United States
In 2011
By 2013
One
Between 1 And 10
Between 1M 10M
Bad Business Model
Shut Down
Pixate

Platform for mobile interaction design

Design
Shut Down
$3.8M
Acquisition Flu
Design
United States
In 2012
By 2016
Two
Between 11 And 50
Between 1M 10M
Acquisition Flu
Shut Down
Flowtab

Mobile app to order drinks on nightclubs

Food and Beverage
Shut Down
-
Bad Business Model
Food and Beverage
United States
In 2011
By 2013
One
Between 51 And 100
Nothing
Bad Business Model
Shut Down
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
Stayzilla

Indian homestay network

Travel
Shut Down
$34M
Lack of Focus
Travel
India
In 2005
By 2017
Four
Between 251 And 500
Between 10M 50M
Lack of Focus
Shut Down
Kno

Education software startup

Education
Acquired
$94.9M
Competition
Education
United States
In 2009
By 2013
Two
More Than 10000
More Than 50M
Competition
Acquired
This is Brought to You by:
Stacked Marketer
Stacked Marketer

Marketing industry news, tech, and advice — a 100% free jam-packed 5-minute daily read.

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.