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.
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Allowed users organize projects, ideas and to-do’s
Springpad, a startup founded in 2008 was once considered an Evernote rival. The Springpad app was designed to empower users to clip, organize, and interpret all types of web content to create a comprehensive hub of articles, videos, images, recipes and more. The Springpad app was designed to empower users by organizing content.
On June 25, Springpad closed its doors. The company failed to develop a monetization strategy and despite their best efforts, things just didn’t work out in time. Although their product anticipated market needs, its market entry timing didn't work out for them. Before the company realized it, Pinterest, a competitor company was already doing the same - it was too late. Springpad started facing financial difficulties that forced it to start looking for additional funding and even contemplating acquisition by major web players. In the end, Springpad was acquired by Google. The major reason for the shutdown was having a short-sighted focus and failure to develop a good strategy that supported its product.
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Launching rockets into space from airplanes
Provider of private transit and offers bus services
Provided B2B delivery transportation network