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Countless startups are being launched every day in Mexico.
Many fail because they did not learn from the success of other companies who've managed to rise above.
We just published this list of 3 failed startups from Mexico with analyses on why they shut down, and interviews with their founders.
Information about the industries, stages and countries they generally invest in.
Get the Sheet for $50
Information about their valuation, HQ's location, founded year, name of founders, funding amount and number of employees.
Get the Sheet for $50Information about their valuation, HQ's location, founded year, name of founders, funding amount and number of employees.
Get the Sheet for $50
Phoenix was a SaaS app to send a last message to the people you love when you die. However, it was the app which died first.
Details of the startup:
Founder:
Enrique Benitez
Country:
Mexico
Industry:
Software & Hardware
Started in:
2017
Closed in:
2017
Funding Amount:
$0
Specific cause of failure:
No Market Need
You can read more about their failure here.
Ropero was an e-commerce aiming to sell t-shirts in an unprepared market. Many expenses and little earnings.
Details of the startup:
Founder:
Rafael Soto
Country:
Mexico
Industry:
e-Commerce
Started in:
2005
Closed in:
2006
Funding Amount:
$0
Specific cause of failure:
Bad Market Fit
You can read more about their failure here.
Nicolas started an e-Commerce that imported sterling silver jewelry from Mexico and resold it in France. His lack of knowledge on marketing made it impossible to him to achieve customers. After some big mistakes, he decided to shut it down and start re-thinking the business model. He is now making $7,200/Month.
Details of the startup:
Founder:
Nicolas Tranchant
Country:
Mexico
Industry:
e-Commerce
Started in:
2012
Closed in:
2014
Funding Amount:
$0
Specific cause of failure:
Bad Marketing
You can read more about their failure here.
