Vine failure

Vine

Platform to share short looping video clips

Description

Vine was a video hosting social platform that allowed users to share six-second videos on the internet. Its video looping feature lured users into watching hours of funny, silly or creative content and the shareability factor helped the app gain popularity in a short amount of time. Random people could instantly become Vine stars and celebrities could use the medium to promote their brand in a fun and new way. Vine was acquired by Twitter for $30 million even before its first official launch. Videos recorded with the Vine app were then only shearable on Twitter or could be kept on the camera roll.

Stats

Category
Social Media
Country
United States
Started
In 2012
Closed
By 2017
Number of Founders
Three
Name of Founders
Colin Kroll, Dom Hofmann, Rus Yusupov
Number of Employees
Between 51 And 100
Number of Funding Rounds
1
Total Funding Amount
No Data
Number of Investors
2
Precise Cause of Failure
Multiple Reasons
Business Outcome
Shut Down

Cause of Failure

Some state that the very acquisition of Vine by Twitter, which initially brought about a wave of optimism, somehow tramped the potential growth of this video sharing service.

There’s also the fact that Vine ‘remained true to itself’ or, as others would say, failed to listen to the needs of its users to grow and develop as it user base increased and became more demanding. The failure in meeting the market needs also debilitated its ability to compete with other emerging video-centered applications such as Instagram and Snapchat.

And last but not least, Vine couldn’t find a sustainable business model as advertisers seemed to find the platform unsuitable for product promotion and Vine couldn’t manage to offer a shared revenue to video creators on the platform as YouTube did. Furthermore, whenever users gained a certain amount of popularity it wasn’t unusual that they would seek to build on that fame on other platforms and eventually discontinue their presence on Vine as the number of downloads and active users on the platform continued to decline.

Go on Reading

Other Startups

Vine

Platform to share short looping video clips

General Information
Category
Social Media
Country
United States
Started
In 2012
Business Failure
Business Outcome
Shut Down
Closed
By 2017
Cause of Failure
Multiple Reasons
Founders & Employees
Number of Founders
Three
Name of Founders
Colin Kroll, Dom Hofmann, Rus Yusupov
Number of Employees
Between 51 And 100
Funding
Number of Funding Rounds
1
Total Funding Amount
No Data
Number of Investors
2
Description

Vine was a video hosting social platform that allowed users to share six-second videos on the internet. Its video looping feature lured users into watching hours of funny, silly or creative content and the shareability factor helped the app gain popularity in a short amount of time. Random people could instantly become Vine stars and celebrities could use the medium to promote their brand in a fun and new way. Vine was acquired by Twitter for $30 million even before its first official launch. Videos recorded with the Vine app were then only shearable on Twitter or could be kept on the camera roll.

Cause of Failure

Some state that the very acquisition of Vine by Twitter, which initially brought about a wave of optimism, somehow tramped the potential growth of this video sharing service.

There’s also the fact that Vine ‘remained true to itself’ or, as others would say, failed to listen to the needs of its users to grow and develop as it user base increased and became more demanding. The failure in meeting the market needs also debilitated its ability to compete with other emerging video-centered applications such as Instagram and Snapchat.

And last but not least, Vine couldn’t find a sustainable business model as advertisers seemed to find the platform unsuitable for product promotion and Vine couldn’t manage to offer a shared revenue to video creators on the platform as YouTube did. Furthermore, whenever users gained a certain amount of popularity it wasn’t unusual that they would seek to build on that fame on other platforms and eventually discontinue their presence on Vine as the number of downloads and active users on the platform continued to decline.

Go on Reading

PostRocket

Facebook page marketing platform

Analytics
Shut Down
$610K
Poor Product
Analytics
United States
In 2010
By 2013
Two
Between 1 And 10
Less Than 1M
Poor Product
Shut Down
SpoonRocket

Next-gen, ultra-fast delivery platform

Food and Beverage
Shut Down
$13.5M
Competition
Food and Beverage
United States
In 2013
By 2016
Two
Between 11 And 50
Between 10M 50M
Competition
Shut Down
Maple

High-quality food delivery startup

Food and Beverage
Acquired
$29M
Bad Business Model
Food and Beverage
United States
In 2014
By 2017
Two
Between 101 And 250
Between 10M 50M
Bad Business Model
Acquired
Skully

Augmented reality motorcycle helmets

Transportation
Shut Down
$15M
Mismanagement of Funds
Transportation
United States
In 2013
By 2016
One
Between 11 And 50
Between 10M 50M
Mismanagement of Funds
Shut Down
Mailbox

Inbox that made email light, fast, and mobile-friendly.

Productivity
Shut Down
$5M
Bad Business Model
Productivity
United States
In 2011
By 2015
Two
Between 501 And 1000
Between 1M 10M
Bad Business Model
Shut Down
Formspring

Encouraged people to get to know

Social Media
Shut Down
$14.3M
Legal Challenges
Social Media
United States
In 2009
By 2013
Two
Between 11 And 50
Between 10M 50M
Legal Challenges
Shut Down