99dresses
![99dresses](https://cdn.prod.website-files.com/5fadb14c46b287ad224b60b9/6053590d2809055799d5a264_99dresses-min.webp)
99dresses was a fashion app that offered trades of second-hand designer dresses between users. It operated for a year but had to shut it down in 2014.
Details of the startup:
99dresses
You can read more about their failure here.
Auctionata
![Auctionata](https://cdn.prod.website-files.com/5fadb14c46b287ad224b60b9/60535a5ced28dee21325e255_auctionata.png)
Auctionata was an online auction platform for art and luxury. Their issues originated from unethical behavior, lack of transparency, and lies by the CEO.
Details of the startup:
Founders:
Alexander Gilkes, Alexander Zacke, Georg Untersalmberger, Susanne Zacke
Country:
Germany
Industry:
e-Commerce
Started in:
2012
Closed in:
2017
Nº of employees:
250-500
Funding Amount:
> $50M
Specific cause of failure:
Legal Challenges
Auctionata
You can read more about their failure here.
CircleBack Lending
![CircleBack Lending](https://cdn.prod.website-files.com/5fadb14c46b287ad224b60b9/60536029a4911e6d1ded2308_circlebacklending.webp)
CircleBack Lending was a loan marketplace. Due to problems with profitability and issues with the industry, the startup was forced to cease its operations.
Details of the startup:
CircleBack Lending
You can read more about their failure here.
Formspring
![Formspring](https://cdn.prod.website-files.com/5fadb14c46b287ad224b60b9/60535a0d0452cb22d827d707_formspring-min.webp)
Formspring was an anonymous Q&A forum that grew to 1 million users in 2 months. This brought lots of cyberbullying on the site. They shut down after 4 years.
Details of the startup:
Formspring
You can read more about their failure here.
Grooveshark
![Grooveshark](https://cdn.prod.website-files.com/5fadb14c46b287ad224b60b9/60535a8203e22014940f0b0f_grooveshark-min.webp)
Grooveshark was a streaming music platform. Its major weakness was that it illegally streamed music. They were sued multiples times and had to shut down.
Details of the startup:
Founders:
Andres Barreto, Josh Greenberg, Sam Tarantino
Country:
United States
Industry:
Music
Started in:
2006
Closed in:
2015
Nº of employees:
50-100
Funding Amount:
$1M-$10M
Specific cause of failure:
Legal Challenges
Grooveshark
You can read more about their failure here.
HiGear
![HiGear](https://cdn.prod.website-files.com/5fadb14c46b287ad224b60b9/605357bcb780c40343c25772_higearcar-min.webp)
HiGear was a peer-to-peer online company that listed luxury cars for rent. A criminal gang stole four cars worth $400k. They opted to shut down operations.
Details of the startup:
HiGear
You can read more about their failure here.
Koinex
![Koinex](https://cdn.prod.website-files.com/5fadb14c46b287ad224b60b9/60536093b15d7876fcd7ee57_koinex-min.webp)
Koinex was a cryptocurrency exchange platform. India's laws got harsh against cryptocurrencies and the obstacles and little profits led to its shut down.
Details of the startup:
Founders:
Aditya Naik, Rahul Raj, Rakesh Yadav
Country:
India
Industry:
Finances
Started in:
2017
Closed in:
2019
Nº of employees:
50-100
Funding Amount:
No Data
Specific cause of failure:
Legal Challenges
Koinex
You can read more about their failure here.
Leap Transit
![Leap Transit](https://cdn.prod.website-files.com/5fadb14c46b287ad224b60b9/60535b7895a9e0ca048a5835_leaptransit-min.webp)
Leap Transit was a private bus service based in San Francisco. They didn't comply with the SF regulations, which made them halt their operations.
Details of the startup:
Leap Transit
You can read more about their failure here.
Radar Radio
![Radar Radio](https://cdn.prod.website-files.com/5fadb14c46b287ad224b60b9/605360ef0452cb77072da59d_radarradio-min.webp)
Radar Radio, a hub for emerging music talent online, ceased operations amidst a debt of £3.6M. Here's their story.
Details of the startup:
Radar Radio
You can read more about their failure here.
Secret
![Secret](https://cdn.prod.website-files.com/5fadb14c46b287ad224b60b9/603c00d70dd6bf7921edca74_secretapp-min.webp)
Secret was an app that allowed users to post content anonymously. Active users rapidly declined after 18 months from its launch and cyberbullying emerged.
Details of the startup:
Secret
You can read more about their failure here.
Shuddle
![Shuddle](https://cdn.prod.website-files.com/5fadb14c46b287ad224b60b9/60535cc1e17134b233479d92_shuddle-min.webp)
Shuddle was the go-to service for parents that needed someone to drive their kids to school. Parents found it disappointing, so they had to shut down.
Details of the startup:
Shuddle
You can read more about their failure here.
Theranos
![Theranos](https://cdn.prod.website-files.com/5fadb14c46b287ad224b60b9/60536116a95e02832465529e_theranos-min.webp)
Theranos was a way to predict diseases with small blood samples. They raised $1.4B but legal investigations pointed out it was a fraud and shut down.
Details of the startup:
Theranos
You can read more about their failure here.
Yik Yak
![Yik Yak](https://cdn.prod.website-files.com/5fadb14c46b287ad224b60b9/60535ae94466eacd0f90da06_yikyak-min.webp)
What was Yik Yak? Why was it shut down? Are there any alternatives nowadays? Find the answers to these questions and more in this article.
Details of the startup:
Founders:
Brooks Buffington, Tyler Droll, Will Jamieson
Country:
United States
Industry:
Social Media
Started in:
2013
Closed in:
2017
Nº of employees:
10-50
Funding Amount:
> $50M
Specific cause of failure:
Legal Challenges
Yik Yak
You can read more about their failure here.