37Coins
![37Coins](https://cdn.prod.website-files.com/5fadb14c46b287ad224b60b9/60535c2e0c26ff5397e69d4c_37coins-min.webp)
37Coins developed a new Bitcoin platform. In 2014, they announced that providing Bitcoin transfer across different regions proved to be impossible.
Details of the startup:
Founders:
Johann Barbie, Jonathan Zobro, Songyi Lee
Country:
United States
Industry:
Finances
Started in:
2014
Closed in:
2015
Nº of employees:
1-10
Funding Amount:
< $1M
Specific cause of failure:
Lack of Funds
37Coins
You can read more about their failure here.
Appiterate
![Appiterate](https://cdn.prod.website-files.com/5fadb14c46b287ad224b60b9/60535d9f79dce6fbf1d6bea3_appiterate-min.webp)
Appiterate was a mobile marketing company that was acquired by Flipkart, India’s largest e-commerce company. It was closed 2 years after launching.
Details of the startup:
Founders:
Anuj Bhargava, Mayank Kumar, Tanuj Mendiratta, Varun Sharma
Country:
United States
Industry:
Marketing
Started in:
2013
Closed in:
2015
Nº of employees:
1-10
Funding Amount:
< $1M
Specific cause of failure:
Acquisition Flu
Appiterate
You can read more about their failure here.
Beepi
![Beepi](https://cdn.prod.website-files.com/5fadb14c46b287ad224b60b9/60535ec0bf5b295787c90c00_beepi-min.jpeg)
Beepi was a marketplace for used cars. They ran out of cash to operate and tried to sell to potential buyers, but didn't achieve to close the operation.
Details of the startup:
Beepi
You can read more about their failure here.
BitPass
![BitPass](https://cdn.prod.website-files.com/5fadb14c46b287ad224b60b9/60535b14b780c4975ac5a9b2_bitpass.png)
Bitpass was a company that gave people a platform to make micropayments online. The main reason for its closure was competition, even after raising $12M.
Details of the startup:
BitPass
You can read more about their failure here.
Delicious
![Delicious](https://cdn.prod.website-files.com/5fadb14c46b287ad224b60b9/6053599f059e6e88540e59d4_delicious.webp)
Delicious was a pioneer in social bookmarking tools until it was overtaken by rivals and ultimately acquired by Pinboard at a reduced price.
Details of the startup:
Delicious
You can read more about their failure here.
Desti
![Desti](https://cdn.prod.website-files.com/5fadb14c46b287ad224b60b9/605357952cacac27ffb5bb9a_destiapp-min.webp)
Desti was a traveling and mapping iPad app that used AI to help planning a trip. Although users found it useful, they ended up booking on other platforms.
Details of the startup:
Founders:
Imri Goldberg, Mosi Shuchman, Nadav Gur
Country:
United States
Industry:
Travel
Started in:
2011
Closed in:
2014
Nº of employees:
1-10
Funding Amount:
$1M-$10M
Specific cause of failure:
Bad Business Model
Desti
You can read more about their failure here.
Juicero
![Juicero](https://cdn.prod.website-files.com/5fadb14c46b287ad224b60b9/60535e3303e2208258123b3d_juicero-min.webp)
Juicero was a juice company that packed fresh organic fruits. They claimed their juicer was innovative, until customers found out the machine was useless.
Details of the startup:
Juicero
You can read more about their failure here.
Kno
![Kno](https://cdn.prod.website-files.com/5fadb14c46b287ad224b60b9/60535eacac537352e560b34f_kno-min.webp)
Kno introduced double paneled e-textbooks. Despite raising $80M, the company saw its chances of scaling up diminish once Apple introduced its iconic iPad.
Details of the startup:
Kno
You can read more about their failure here.
Munchery
![Munchery](https://cdn.prod.website-files.com/5fadb14c46b287ad224b60b9/60538b2598eaa6468b6e9cd6_munchery-cardthumb-min.webp)
Munchery allowed users to order gourmet food. However, they couldn't deliver the experience that it promised and build a profitable business model.
Details of the startup:
Founders:
Conrad Chu, Tri Tran, Van Tran
Country:
United States
Industry:
Food & Beverage
Started in:
2011
Closed in:
2019
Nº of employees:
100-250
Funding Amount:
> $50M
Specific cause of failure:
Multiple Reasons
Munchery
You can read more about their failure here.
Navdy
![Navdy](https://cdn.prod.website-files.com/5fadb14c46b287ad224b60b9/60538a0b847ade23d35bdf16_navdy.webp)
Navdy provided a display that projected GPS in the cars' front. They failed due to a saturated market and a device that didn't satisfy customer needs.
Details of the startup:
Navdy
You can read more about their failure here.
Netscape
![Netscape](https://cdn.prod.website-files.com/5fadb14c46b287ad224b60b9/60535820f2f322632ff203f2_netscapenavigator.webp)
Netscape was one of the most significant internet applications in history. Despite its early success, they couldn't beat Microsoft's Internet Explorer.
Details of the startup:
Founders:
James Clark, Jon Mittelhauser, Marc Andreessen
Country:
United States
Industry:
Productivity
Started in:
1994
Closed in:
2008
Nº of employees:
5,000-10,000
Funding Amount:
No Data
Specific cause of failure:
Poor Product
Netscape
You can read more about their failure here.
Parse
![Parse](https://cdn.prod.website-files.com/5fadb14c46b287ad224b60b9/60535c41000fa7c7a57f52c9_parse-min.webp)
Parse offered a platform for mobile app devs with tools to let them build, run and test applications. Facebook bought Parse and shut it down in 2017.
Details of the startup:
Founders:
Ilya Sukhar, James Yu, Kevin Lacker, Tikhon Bernstam
Country:
United States
Industry:
Software & Hardware
Started in:
2011
Closed in:
2016
Nº of employees:
10-50
Funding Amount:
$1M-$10M
Specific cause of failure:
Acquisition Flu
Parse
You can read more about their failure here.
PostRocket
![PostRocket](https://cdn.prod.website-files.com/5fadb14c46b287ad224b60b9/605358e7425aac12fb0ecbc8_postrocket-min.webp)
PostRocket was a Facebook marketing platform co-founded in October 2010. Many technical issues and depending on FB affected the quality of their service.
Details of the startup:
PostRocket
You can read more about their failure here.
QBotix
![QBotix](https://cdn.prod.website-files.com/5fadb14c46b287ad224b60b9/605359cf4358e2441b2b82ff_qbotix-min.jpeg)
QBotix offered solar panels that tracked solar light. Their competitors' efficiency improved, making QBotix's innovative solar panels less cost-effective.
Details of the startup:
QBotix
You can read more about their failure here.
Rafter
![Rafter](https://cdn.prod.website-files.com/5fadb14c46b287ad224b60b9/605358094649a16747750241_rafterlogo-min.webp)
Rafter was a course material provider for colleges. They had lots of competition and had to deal with logistical, financial, and market challenges.
Details of the startup:
Rafter
You can read more about their failure here.
RethinkDB
![RethinkDB](https://cdn.prod.website-files.com/5fadb14c46b287ad224b60b9/60535b50b15d786e9ad3dd93_rethinkdb-min.png)
RethinkDB is a distributed and scalable NoSQL database. Choosing the wrong market was mentioned by the founder as one of their major mistakes.
Details of the startup:
RethinkDB
You can read more about their failure here.
RewardMe
![RewardMe](https://cdn.prod.website-files.com/5fadb14c46b287ad224b60b9/60535aa979dce650ead48d84_rewardme-min.webp)
RewardMe was a real-time intelligent CRM Platform for Local Commerce. They wanted to scale up the company prematurely, which lead to their shut down.
Details of the startup:
Founders:
Jun Loayza, Stephen Johnson, Yu-kai Chou
Country:
United States
Industry:
Marketing
Started in:
2010
Closed in:
2015
Nº of employees:
10-50
Funding Amount:
$1M-$10M
Specific cause of failure:
Lack of Funds
RewardMe
You can read more about their failure here.
Salorix
![Salorix](https://cdn.prod.website-files.com/5fadb14c46b287ad224b60b9/60535e463c192952a602ad1a_salorix-min.webp)
Salorix offered an engagement platform for brands. It closed down because of its inability to raise money after its investors stopped supporting it.
Details of the startup:
Salorix
You can read more about their failure here.
Teforia
![Teforia](https://cdn.prod.website-files.com/5fadb14c46b287ad224b60b9/60535b8dc5fff317deaf9ac8_teforia.webp)
Teforia was a tea brewer that yielded the perfect cup of tea by combining tradition with smart technology. It had an absence of market fit and shut down.
Details of the startup:
Teforia
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.
Move Loot
![Move Loot](https://cdn.prod.website-files.com/5fadb14c46b287ad224b60b9/605359bb4649a1203b760d2c_moveloot-min.jpeg)
Move Loot was an online resale marketplace for furniture. They decided to have a furniture stockroom without thinking about the expenses of running it.
Details of the startup:
Founders:
Bill Bobbitt, Jenny Karin Morrill, Ryan Smith, Shruti Shah
Country:
United States
Industry:
e-Commerce
Started in:
2013
Closed in:
2016
Nº of employees:
50-100
Funding Amount:
$10M-$50M
Specific cause of failure:
Bad Business Model
Move Loot
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.
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.
Friendster
![Friendster](https://cdn.prod.website-files.com/5fadb14c46b287ad224b60b9/60535e5afb17ee3a4a5e6a12_friendster-min.webp)
Friendster was a social gaming site widely popular in Asia. It never put emphasis on the social news feed feature, leading to poor usage and registrations.
Details of the startup:
Friendster
You can read more about their failure here.