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.
Anki
![Anki](https://cdn.prod.website-files.com/5fadb14c46b287ad224b60b9/60538a654dc65da26ac87f27_ankicozmo.webp)
Anki aimed to intergrate robotics and IoT with kids' toys and games but shut down in April 2019 after failure to raise funding.
Details of the startup:
Founders:
Boris Sofman, Hanns Tappeiner, Mark Palatucci
Country:
United States
Industry:
Software & Hardware
Started in:
2010
Closed in:
2019
Nº of employees:
100-250
Funding Amount:
> $50M
Specific cause of failure:
Lack of Funds
Anki
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.
Argyle Social
![Argyle Social](https://cdn.prod.website-files.com/5fadb14c46b287ad224b60b9/6053593661605a4391c8e659_argylesocial-min.png)
The Argyle Social was a social media marketing tool. The leading social media platforms change their APIs every time, which led to their shut down.
Details of the startup:
Argyle Social
You can read more about their failure here.
Aria Insights
![Aria Insights](https://cdn.prod.website-files.com/5fadb14c46b287ad224b60b9/6053604135a64a4394fe1962_ariainsights.webp)
Aria Insights developed highly advanced drones. After some pivots, the company couldn't find out the correct business model and had to shut down.
Details of the startup:
Aria Insights
You can read more about their failure here.
ArsDigita
![ArsDigita](https://cdn.prod.website-files.com/5fadb14c46b287ad224b60b9/6053595c4649a1920b75da89_arsdigita-min.webp)
ArsDigita was a Web Development Company established in 1997. Their decline was ascribed to an inexperienced external CEO and had to shut down in 2001.
Details of the startup:
Founders:
Philip Greenspun, Tracy Adams, Ben Adida, Eve Andersson, Olin Shivers, Aurelius Prochazka, Jin Choi
Country:
United States
Industry:
e-Commerce
Started in:
1997
Closed in:
2002
Nº of employees:
50-100
Funding Amount:
$10M-$50M
Specific cause of failure:
Lack of Experience
ArsDigita
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.
Call9
![Call9](https://cdn.prod.website-files.com/5fadb14c46b287ad224b60b9/6053607f61605ac374d17d9b_call9-min.webp)
Call9 was a health startup targeted at patients who needed to speak with a doctor. The founder's inability to achieve growth, led to its shut down in 2019.
Details of the startup:
Founders:
Celina Tenev, Timothy Peck, XiaoSong Mu
Country:
United States
Industry:
Health
Started in:
2015
Closed in:
2019
Nº of employees:
100-250
Funding Amount:
$10M-$50M
Specific cause of failure:
Bad Business Model
Call9
You can read more about their failure here.
ChaCha
![ChaCha](https://cdn.prod.website-files.com/5fadb14c46b287ad224b60b9/60536056b15d78b898d7c34e_chacha.webp)
ChaCha was a search engine where you interacted with a human being. However, the startup got stiff competition when Google released its Panda algorithm.
Details of the startup:
ChaCha
You can read more about their failure here.
Circa
![Circa](https://cdn.prod.website-files.com/5fadb14c46b287ad224b60b9/60535d0a56b46a824f03ab0a_circa.webp)
Circa had the mission of ‘fixing’ what was wrong with journalism. They suffered a financial breakdown and were copied by giants in the news sector.
Details of the startup:
Founders:
Arsenio Santos, Ben Huh, Matt Galligan
Country:
United States
Industry:
Entertainment
Started in:
2011
Closed in:
2015
Nº of employees:
10-50
Funding Amount:
$1M-$10M
Specific cause of failure:
Lack of Funds
Circa
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.
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.
Design Inc.
![Design Inc.](https://cdn.prod.website-files.com/5fadb14c46b287ad224b60b9/60535d49305bd59173eb8f3c_designinc-min.webp)
Design Inc. linked clients to talented designers. They reached market saturation and the startup could not make enough revenue to cover operation costs.
Details of the startup:
Design Inc.
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.
Digg
![Digg](https://cdn.prod.website-files.com/5fadb14c46b287ad224b60b9/60535f693f64f074a06659e9_digg-min.webp)
Digg had the mission of "democratizing" the content and news that people saw. However, it missed lots of opportunities to become a thriving social network.
Details of the startup:
Digg
You can read more about their failure here.
Dinner Lab
![Dinner Lab](https://cdn.prod.website-files.com/5fadb14c46b287ad224b60b9/60535f507c6a3eb0985a74fe_dinnerlab.webp)
Dinner Lab offered a culinary experience with a group of strangers in an unusual place. They faced several problems, including the diner's timing.
Details of the startup:
Founders:
Brian Bordainick, Francisco Robert, Zach Kupperman
Country:
United States
Industry:
Food & Beverage
Started in:
2011
Closed in:
2016
Nº of employees:
10-50
Funding Amount:
$1M-$10M
Specific cause of failure:
Bad Business Model
Dinner Lab
You can read more about their failure here.
Dopplr
![Dopplr](https://cdn.prod.website-files.com/5fadb14c46b287ad224b60b9/60535e6cb93849afd145be4b_dopplr-min.webp)
Dopplr was a social travel network service. In 2009, Nokia acquired it for $20 million and the number of Dopplr users fell since then until shutting down.
Details of the startup:
Founders:
Dan Gillmor, Lisa Sounio, Marko Ahtisaari, Matt Jones, Taneli Tikka
Country:
United States
Industry:
Travel
Started in:
2007
Closed in:
Active
Nº of employees:
1-10
Funding Amount:
No Data
Specific cause of failure:
Acquisition Flu
Dopplr
You can read more about their failure here.
DotCloud
![DotCloud](https://cdn.prod.website-files.com/5fadb14c46b287ad224b60b9/60535efa3c19294a62033f9f_dotcloud-min.png)
dotCloud was a PaaS for developers that enabled them to host, assemble and run their applications. They could not sustain operation costs by themselves.
Details of the startup:
DotCloud
You can read more about their failure here.
EventVue
![EventVue](https://cdn.prod.website-files.com/5fadb14c46b287ad224b60b9/60535871b2e0e6541dc7d5e9_eventvuediscover-min.webp)
EventVue helped to improve the conference networking experience. They lacked product-market fit and failed to test early the usefulness of the product.
Details of the startup:
EventVue
You can read more about their failure here.
Fab
![Fab](https://cdn.prod.website-files.com/5fadb14c46b287ad224b60b9/60535c130d1a6120a416d7dc_fab-min.webp)
Fab was an e-commerce company focused on daily design inspiration. Its success resulted in companies launching their same exact replicas of Fab’s platform.
Details of the startup:
Founders:
Bradford Shane Shellhammer, Deepa Shah, Jason Goldberg, Nishith Shah, Sunil Khedar
Country:
United States
Industry:
e-Commerce
Started in:
2009
Closed in:
2013
Nº of employees:
500-1,000
Funding Amount:
> $50M
Specific cause of failure:
Multiple Reasons
Fab
You can read more about their failure here.
Flowtab
![Flowtab](https://cdn.prod.website-files.com/5fadb14c46b287ad224b60b9/60535b28b780c40748c5baad_flowtab-min.webp)
Flowtab was an app that solved the problem of long queues in bars. They tried several business models but never found a profitable one, so they shut down.
Details of the startup:
Flowtab
You can read more about their failure here.
Flud
![Flud](https://cdn.prod.website-files.com/5fadb14c46b287ad224b60b9/60535fbb9585b4056462ea3a_flud-min.webp)
Flud was a social news reader platform. They were unable to raise additional funding for their operations and eventually ran out of cash.
Details of the startup:
Flud
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.
FoundationDB
![FoundationDB](https://cdn.prod.website-files.com/5fadb14c46b287ad224b60b9/60535a35478cb448df2c0067_FoundationDB-min.webp)
FoundationDB is a NoSQL scalable layered database that worked faster and needed less hardware than other services of its kind. Apple acquired it in 2015.
Details of the startup:
Founders:
Dave Rosenthal, Dave Scherer, Nick Lavezzo
Country:
United States
Industry:
Software & Hardware
Started in:
2009
Closed in:
2015
Nº of employees:
10-50
Funding Amount:
$10M-$50M
Specific cause of failure:
Acquisition Flu
FoundationDB
You can read more about their failure here.
Fuhu
![Fuhu](https://cdn.prod.website-files.com/5fadb14c46b287ad224b60b9/605359e23c19298799fdf59b_fuhu.jpeg)
Fuhu was a seller of cloud-served software. After reaching Top 1 on Inc 500, the company amassed an enormous amount of debt and had a very high burn rate.
Details of the startup:
Founders:
John Hui, Robb Fujioka, Steve Hui
Country:
United States
Industry:
Software & Hardware
Started in:
2006
Closed in:
2015
Nº of employees:
500-1,000
Funding Amount:
> $50M
Specific cause of failure:
Mismanagement of Funds
Fuhu
You can read more about their failure here.
Gowalla
![Gowalla](https://cdn.prod.website-files.com/5fadb14c46b287ad224b60b9/605358d484b0d3a4bc341256_gowalla.webp)
Gowalla was a location-based social platform that allowed users to share their location. It tried to do many things at once, and shut down after 5 years.
Details of the startup:
Gowalla
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.
HubHaus
![HubHaus](https://cdn.prod.website-files.com/5fadb14c46b287ad224b60b9/60dcba6d1d36c154eecd7f35_hubhausapp.webp)
Hubhaus offered an online platform to rent a house and find people willing to live with you. They even achieved PMF, but COVID came and they shut down.
Details of the startup:
Founders:
Kerry Jones, Shruti Merchant, Sloane Yu
Country:
United States
Industry:
Software & Hardware
Started in:
2016
Closed in:
2020
Nº of employees:
10-50
Funding Amount:
$10M-$50M
Specific cause of failure:
Bad Timing
HubHaus
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.
Kiko
![Kiko](https://cdn.prod.website-files.com/5fadb14c46b287ad224b60b9/60535df04358e2dc322e82e1_kiko-min.webp)
Kiko was a calendar app offering API integrations with other tools. The team worked on various ideas and plans at the same time, which led to its failure.
Details of the startup:
Kiko
You can read more about their failure here.
Kitchit
![Kitchit](https://cdn.prod.website-files.com/5fadb14c46b287ad224b60b9/60535e8303e2200a791283a6_kitchit.webp)
Kitchit brought local chefs to your home. They had to compete with other big food providers in the same market, which provoked their failure.
Details of the startup:
Kitchit
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.
Laurel & Wolf
![Laurel & Wolf](https://cdn.prod.website-files.com/5fadb14c46b287ad224b60b9/60538952d6f6feaaf3851eb9_toa-heftiba-FV3GConVSss-unsplash-min.jpg)
Laurel & Wolf was a marketplace for interior design solutions. They shut down due to large spendings on marketing and a bad reputation among customers.
Details of the startup:
Laurel & Wolf
You can read more about their failure here.
LayerVault
![LayerVault](https://cdn.prod.website-files.com/5fadb14c46b287ad224b60b9/60535f0f366737505d65c0f5_layervault-min.webp)
LayerVault helped you store, track, review, and deliver design work. However, they were unable to secure additional capital to sustain their services.
Details of the startup:
LayerVault
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.
Lookery
![Lookery](https://cdn.prod.website-files.com/5fadb14c46b287ad224b60b9/605359243c1929b803fd2f6d_lookery-min.webp)
Lookery gave statistics showcasing services that empowered organizations. It was based on Facebook platform, and after the redesign, they had to shut down.
Details of the startup:
Founders:
David Cancel, Rex Dixon, Todd Sawicki
Country:
United States
Industry:
Marketing
Started in:
2007
Closed in:
2009
Nº of employees:
1-10
Funding Amount:
$1M-$10M
Specific cause of failure:
Dependence on Others
Lookery
You can read more about their failure here.
Mailbox
![Mailbox](https://cdn.prod.website-files.com/5fadb14c46b287ad224b60b9/60535ee93667373b1c65a923_mailbox-min.webp)
Mailbox made your inbox more manageable and efficient. They didn't find a way to monetize the app. After being acquired by Dropbox, Mailbox shut down.
Details of the startup:
Mailbox
You can read more about their failure here.
Maple
![Maple](https://cdn.prod.website-files.com/5fadb14c46b287ad224b60b9/60535abfa4911e1ebbea1b28_maple-min.webp)
Maple prepared and delivered meals in NY. They were losing money on each meal and it only began making a profit from 2016, just before they shut down.
Details of the startup:
Maple
You can read more about their failure here.
MatterFab
![MatterFab](https://cdn.prod.website-files.com/5fadb14c46b287ad224b60b9/60535ffac5fff36134b3f915_MatterFab-min.webp)
MatterFab had the goal of making metal-based manufacturing affordable. However, the business never found a profitable business model and pricing strategy.
Details of the startup:
MatterFab
You can read more about their failure here.
Monitor110
![Monitor110](https://cdn.prod.website-files.com/5fadb14c46b287ad224b60b9/60535e0b4466eab125921262_lo-lo-CeVj8lPBJSc-unsplash-min.webp)
Monitor110 offered real-time monitoring services for Wall Street. They lost the edge they had by not validating the product and shut down in 2008.
Details of the startup:
Monitor110
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.
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.
MySpace
![MySpace](https://cdn.prod.website-files.com/5fadb14c46b287ad224b60b9/60535c6d059e6eb333107706_myspace-min.webp)
MySpace became the most popular social networking site before Facebook. After competing with them, they decided to repurpose it as a platform for artists.
Details of the startup:
Founders:
Aber Whitcomb, Brad Greenspan, Chris DeWolfe, Colin Digiaro, Josh Berman, Michael Addicott, Tom Anderson
Country:
United States
Industry:
Social Media
Started in:
2003
Closed in:
Active
Nº of employees:
250-500
Funding Amount:
$10M-$50M
Specific cause of failure:
Multiple Reasons
MySpace
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.
OpTier
![OpTier](https://cdn.prod.website-files.com/5fadb14c46b287ad224b60b9/60535bfcb780c45997c62b05_optier-min.webp)
OpTier provided customers with a business transaction monitoring platform. Little market share, revenue, and investment led to OpTier's failure.
Details of the startup:
OpTier
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.
Pixate
![Pixate](https://cdn.prod.website-files.com/5fadb14c46b287ad224b60b9/60535ed5882a76e99fdeeabe_pixate-min.webp)
Pixate wanted to make prototyping and designing apps more accessible and effortless. It was acquired by Google in 2015, and after a year, it was shut down.
Details of the startup:
Pixate
You can read more about their failure here.
Poliana
![Poliana](https://cdn.prod.website-files.com/5fadb14c46b287ad224b60b9/60535d350452cb6e442974f7_poliana-min.png)
Poliana's aim was to bring order to the USA political system. They had low market demand and ran out of funds even after implementing 3 business models.
Details of the startup:
Founders:
Grayson Carroll, Patrick Cason, Seth Whiting, Shawn Whiting
Country:
United States
Industry:
Analytics
Started in:
2013
Closed in:
2015
Nº of employees:
1-10
Funding Amount:
< $1M
Specific cause of failure:
Bad Business Model
Poliana
You can read more about their failure here.
PoliMobile
![PoliMobile](https://cdn.prod.website-files.com/5fadb14c46b287ad224b60b9/605359774649a1027875e911_polimobile-min.webp)
PoliMobile provided political campaigns with a strategic way to reach their supporters. No one wanted to pay for such a service and they had to shut down.
Details of the startup:
PoliMobile
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.
Quibi
![Quibi](https://cdn.prod.website-files.com/5fadb14c46b287ad224b60b9/6053618cdb87b96950e55065_quibi-min.webp)
An analysis on why did Quibi, a short-form video streaming platform, shut down despite raising $1.8 billion from investors and having an experienced team.
Details of the startup:
Quibi
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.
Rdio
![Rdio](https://cdn.prod.website-files.com/5fadb14c46b287ad224b60b9/60535bdea04f71654d80d93b_rdio.png)
Rdio, a music streaming platform, failed due to poor marketing and distribution, ultimately folding to competition from Spotify and closing down.
Details of the startup:
Founders:
Carter Adamson, Janus Friis, Niklas Zennström
Country:
United States
Industry:
Music
Started in:
2008
Closed in:
2015
Nº of employees:
50-100
Funding Amount:
> $50M
Specific cause of failure:
Competition
Rdio
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.
ScaleFactor
![ScaleFactor](https://cdn.prod.website-files.com/5fadb14c46b287ad224b60b9/60afa9f2d86c8197bd47d04d_scalefactorapp-min.webp)
ScaleFactor was a tech startup that claimed to automate SME bookkeeping and payroll thanks to an AI they were developing in-house, which wasn't the case.
Details of the startup:
ScaleFactor
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.
Shyp
![Shyp](https://cdn.prod.website-files.com/5fadb14c46b287ad224b60b9/605361036fa853bb52b7b145_shyp-min.webp)
Shyp imitated the Uber model with an on-demand shipping service. However, they were unable to figure out a profitable business model and had to shut down.
Details of the startup:
Founders:
Jack Smith, Joshua Scott, Kevin Gibbon
Country:
United States
Industry:
Transportation
Started in:
2013
Closed in:
2018
Nº of employees:
10-50
Funding Amount:
> $50M
Specific cause of failure:
Multiple Reasons
Shyp
You can read more about their failure here.
Sidecar
![Sidecar](https://cdn.prod.website-files.com/5fadb14c46b287ad224b60b9/60535fa7b12dd95efcd23b8b_sidecar-min.webp)
Sidecar was a transportation company. They had top-notch technology but no marketing strategy, and could only become useful in high-density cities.
Details of the startup:
Sidecar
You can read more about their failure here.
Sip
![Sip](https://cdn.prod.website-files.com/5fadb14c46b287ad224b60b9/60535fe50452cb14e72c932d_sip-min.webp)
Sip was made by ProductHunt. It covered news in the tech industry in a bite-size format. Due to no market need and lack of focus, PH shut it down.
Details of the startup:
Founders:
Ryan Hoover, Nick Abouzeid, Chad Whitaker
Country:
United States
Industry:
Productivity
Started in:
2018
Closed in:
2019
Nº of employees:
1-10
Funding Amount:
$0
Specific cause of failure:
Multiple Reasons
Sip
You can read more about their failure here.
Skully
![Skully](https://cdn.prod.website-files.com/5fadb14c46b287ad224b60b9/6053589b2d4ea25845ef11ed_skullyhelmet.webp)
Skully was a helmet targetting motorcycle riders. They had to close shops due to no fundings and couldn't complete the production of the pre-orders.
Details of the startup:
Skully
You can read more about their failure here.
SpoonRocket
![SpoonRocket](https://cdn.prod.website-files.com/5fadb14c46b287ad224b60b9/6061e640df87d46a4c3a7b98_SpoonRocket-min.webp)
SpoonRocket was a food delivery service making healthy meals each day. When their financial situation declined, they failed to fundraise to stay afloat.
Details of the startup:
SpoonRocket
You can read more about their failure here.
Sprig
![Sprig](https://cdn.prod.website-files.com/5fadb14c46b287ad224b60b9/60535fd06fa85389f5b65f32_sprig-min.webp)
Sprig delivered meals to customers who were looking for healthy choices. Sprig found the process time-consuming and expensive, and decided to shut down.
Details of the startup:
Founders:
Gagan Biyani, Matt Kent, Morgan Springer, Neeraj Berry
Country:
United States
Industry:
Food & Beverage
Started in:
2013
Closed in:
2017
Nº of employees:
50-100
Funding Amount:
> $50M
Specific cause of failure:
Competition
Sprig
You can read more about their failure here.
Springpad
![Springpad](https://cdn.prod.website-files.com/5fadb14c46b287ad224b60b9/60535c592d4ea2e74af13b58_springpad-min.webp)
Springpad was designed to empower users to clip, organize, and interpret all types of web content. The company failed to develop a monetization strategy.
Details of the startup:
Springpad
You can read more about their failure here.
Stratolaunch
![Stratolaunch](https://cdn.prod.website-files.com/5fadb14c46b287ad224b60b9/605389bf533e497c4dfcbe9c_bill-jelen-woWf_VJ7dNs-unsplash-min.jpg)
Stratolaunch aimed to launch orbital rockets from the stratosphere. Paul Allen’s passing away in October of 2018 spell out the same fate for Stratolaunch.
Details of the startup:
Stratolaunch
You can read more about their failure here.
TeeBeeDee
![TeeBeeDee](https://cdn.prod.website-files.com/5fadb14c46b287ad224b60b9/60535ad4b938498e7a451636_teebeedee-min.webp)
TeeBeeDee was a social network aimed at people over 40 to share their experiences. They weren’t able to grow their user base fast enough to survive.
Details of the startup:
Founders:
David Markus, Jon Brandt, Robin Wolaner, Todd Basche
Country:
United States
Industry:
Social Media
Started in:
2007
Closed in:
2009
Nº of employees:
10-50
Funding Amount:
$1M-$10M
Specific cause of failure:
Bad Business Model
TeeBeeDee
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.
Tilt
![Tilt](https://cdn.prod.website-files.com/5fadb14c46b287ad224b60b9/6053598b7b123cc6d1ae2e71_tilt-min.webp)
Tilt was a social payments startup. The CEO was believed to become the next Zuckerberg. However, lack of focus led to shutting down their operations.
Details of the startup:
Founders:
James Beshara, Karolyn Baxter, Khaled Hussein
Country:
United States
Industry:
Finances
Started in:
2012
Closed in:
2017
Nº of employees:
100-250
Funding Amount:
> $50M
Specific cause of failure:
Lack of Focus
Tilt
You can read more about their failure here.
Totsy
![Totsy](https://cdn.prod.website-files.com/5fadb14c46b287ad224b60b9/60535885305bd543d8e93a12_totsysite-min.webp)
Totsy was a flash sale company that offered high-end fashion brands online for a low-price. Flash sales lost their attractiveness and became obsolete.
Details of the startup:
Totsy
You can read more about their failure here.
Transpose
![Transpose](https://cdn.prod.website-files.com/5fadb14c46b287ad224b60b9/60535a96b780c4502ac521ff_transpose.webp)
Transpose was a comprehensive information management platform. Operated for two years before shutting down due to the inability to generate enough revenue.
Details of the startup:
Founders:
Hussein Ahmed, Matt Goyer, Samah Gad, Skyler Johnson-Wagner
Country:
United States
Industry:
Productivity
Started in:
2015
Closed in:
2015
Nº of employees:
10-50
Funding Amount:
$1M-$10M
Specific cause of failure:
Bad Business Model
Transpose
You can read more about their failure here.
Turntable.fm
![Turntable.fm](https://cdn.prod.website-files.com/5fadb14c46b287ad224b60b9/60535f91bbd772f06f6b66bd_turntablefm.webp)
Turntable.fm was a platform on which DJ and fans were brought together. The cost of running it proved to be too expensive and they had to shut down.
Details of the startup:
Turntable.fm
You can read more about their failure here.
Tutorspree
![Tutorspree](https://cdn.prod.website-files.com/5fadb14c46b287ad224b60b9/60535a6eb15d7878bcd2eb37_tutorspree.webp)
Tutorspree wanted to enhance tutoring. Their vision of pairing up tutors and students to meet up in person was not practical, which made it shut down.
Details of the startup:
Founders:
Aaron Harris, Josh Abrams, Ryan Bednar
Country:
United States
Industry:
Education
Started in:
2010
Closed in:
2013
Nº of employees:
50-100
Funding Amount:
$1M-$10M
Specific cause of failure:
Bad Marketing
Tutorspree
You can read more about their failure here.
Utrip
![Utrip](https://cdn.prod.website-files.com/5fadb14c46b287ad224b60b9/605360be1ab07267be3310a0_utrip-min.webp)
Utrip was a travel planning startup that used AI to create personalized itineraries. Keeping the recommendation engine alive was too much for them.
Details of the startup:
Utrip
You can read more about their failure here.
Vine
![Vine](https://cdn.prod.website-files.com/5fadb14c46b287ad224b60b9/60535d5e0d1a61745017d933_vine.webp)
What happened to Vine? Why did Vine shut down? When? Does TikTok face the same risk? Here's our detailed analysis.
Details of the startup:
Founders:
Colin Kroll, Dom Hofmann, Rus Yusupov
Country:
United States
Industry:
Social Media
Started in:
2012
Closed in:
2017
Nº of employees:
50-100
Funding Amount:
No Data
Specific cause of failure:
Multiple Reasons
Vine
You can read more about their failure here.
Vreal
![Vreal](https://cdn.prod.website-files.com/5fadb14c46b287ad224b60b9/605360a807a3214a59a05948_vreal-min.webp)
Vreal was a virtual reality startup that enabled users to interact with content creators. They were ahead of their time in a market not fully developed.
Details of the startup:
Vreal
You can read more about their failure here.
Wantful
![Wantful](https://cdn.prod.website-files.com/5fadb14c46b287ad224b60b9/605358c2c5fff38e21acbb37_wantful-min.webp)
Wantful was an e-Commerce founded in 2011. After experiencing exponential growth, it shut down in 2013 due to stiff competition from other companies.
Details of the startup:
Wantful
You can read more about their failure here.
Wesabe
![Wesabe](https://cdn.prod.website-files.com/5fadb14c46b287ad224b60b9/605358fa2eee4a04c40d542a_wesabe-min.webp)
Wesabe is a former Personal Finance Management system that helped clients make better financial decisions. Having better competitors made Wesabe fail.
Details of the startup:
Wesabe
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.
Zirtual
![Zirtual](https://cdn.prod.website-files.com/5fadb14c46b287ad224b60b9/605357d0059e6e56100d3e70_zirtual.webp)
Zirtual was a virtual assistant marketplace for busy entrepreneurs. Its management and the high burn rate brought the firm on the verge of bankruptcy.
Details of the startup:
Founders:
Collin Vine, Erik Jensen, Maren Kate Donovan
Country:
United States
Industry:
Software & Hardware
Started in:
2011
Closed in:
2015
Nº of employees:
100-250
Funding Amount:
$1M-$10M
Specific cause of failure:
Mismanagement of Funds
Zirtual
You can read more about their failure here.
Zulily
![Zulily](https://cdn.prod.website-files.com/5fadb14c46b287ad224b60b9/6053585eed28de5dbc24da42_zulilyshop-min.webp)
Zulily was an online store selling clothing and other products. They declined in popularity because of their poor marketing and user-attention strategies.
Details of the startup:
Zulily
You can read more about their failure here.