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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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Turntable.fm

Online interactive platform for DJs and listeners

General Information
Category
Music
Country
United States
Started
In 2011
Business Failure
Business Outcome
Shut Down
Closed
By 2013
Cause of Failure
Bad Business Model
Founders & Employees
Number of Founders
One
Name of Founders
Billy Chasen
Number of Employees
Between 1 And 10
Funding
Number of Funding Rounds
1
Total Funding Amount
$7M
Number of Investors
10
Description

Turntable.fm was an online interactive platform on which DJ, fans and casual listeners were brought together. People could choose avatars for themselves, browse different music rooms and create a playlist.

Cause of Failure

The company shut down its services two and half years after its promising launch in order to conserve its remaining venture capital to focus on the live version of their startup. The cost of running this music service proved to be too expensive and was not financially viable for them. Turntable.fm decided to play licensed music which proved to have drained their time and capital. Although the platform originally raised $7.5 million as soon as they started to expand internationally things got out of hand. They also weren't fast enough to adapt to the new mobile era.

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MatterFab

Selling affordable solutions for metal 3-D printing

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Shut Down
$13.2M
Bad Business Model
Software and Hardware
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In 2013
By 2019
One
Between 1 And 10
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Bad Business Model
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
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
Legal Challenges
Shut Down
37Coins

Startup that developed Bitcoin technologies

Finances
Shut Down
$525K
Lack of Funds
Finances
United States
In 2014
By 2015
Three
Between 1 And 10
Less Than 1M
Lack of Funds
Shut Down
Dinnr

Ingredients and recipe to create meals at home

Food and Beverage
Shut Down
£60K
No Market Need
Food and Beverage
United Kingdom
In 2012
By 2014
Two
Between 1 And 10
Less Than 1M
No Market Need
Shut Down
This is Brought to You by:
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NoGood

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NerdPilots

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Acadium

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

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