Admazely
![Admazely](https://cdn.prod.website-files.com/5fadb14c46b287ad224b60b9/60535c82a5f7a2f52d26c948_admazely.png)
Admazely offered retargeting tools for businesses. They shut down in 2013 when they ran short on financing and didn't figure out how to secure more cash.
Details of the startup:
Founders:
David Björklund, Peter Vilsholm Therkildsen, Sylwia Erhardt-Bednarska, Søren Holbech Nielsen
Country:
Denmark
Industry:
Marketing
Started in:
2011
Closed in:
2013
Nº of employees:
1-10
Funding Amount:
< $1M
Specific cause of failure:
Lack of Funds
Admazely
You can read more about their failure here.
Alikolo
![Alikolo](https://cdn.prod.website-files.com/5fadb14c46b287ad224b60b9/60535d202d4ea21d9df1a0bc_alikolo-min.webp)
Alikolo was an eMarketplace company. The founder didn't have a clear vision and didn't know the reasons why customers purchased at his rivals.
Details of the startup:
Alikolo
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.
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.
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.
Brisk
![Brisk](https://cdn.prod.website-files.com/5fadb14c46b287ad224b60b9/60535b633f64f08949636e93_brisk-min.webp)
Brisk was a sales and marketing platform founded in 2012. They started to offer customization to paying customers, but this became costly in the long term.
Details of the startup:
Founders:
Alfred Beckman, Andreas Pålsson, Hampus Jakobsson, Mikael Tellhed
Country:
Sweden
Industry:
Marketing
Started in:
2012
Closed in:
2016
Nº of employees:
10-50
Funding Amount:
< $1M
Specific cause of failure:
Lack of Focus
Brisk
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.
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.
Crowdmix
![Crowdmix](https://cdn.prod.website-files.com/5fadb14c46b287ad224b60b9/60535c962d4ac184dae6be46_crowdmix-min.webp)
Crowdmix was a music streaming platform where people could listen and talk about their favorite bands. They spent £14M before having a working product.
Details of the startup:
Crowdmix
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.
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.
Dinnr
![Dinnr](https://cdn.prod.website-files.com/5fadb14c46b287ad224b60b9/60535dc93c19293b280230d2_dinnr-min.webp)
Dinnr allowed to select a recipe and order pre-measured ingredients accompanied with instructions. However, there wasn’t a market need for the business.
Details of the startup:
Dinnr
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.
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.
Frankly
![Frankly](https://cdn.prod.website-files.com/5fadb14c46b287ad224b60b9/64e807fc8c74f4adb951cd1e_Frankly.me-min.webp)
Frankly.me was a Q&A social platform that wasn’t able to raise the necessary round of funding. That is why the CEO of Frankly decided to shut it down.
Details of the startup:
Frankly
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.
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.
HitMeUp
![HitMeUp](https://cdn.prod.website-files.com/5fadb14c46b287ad224b60b9/60535d7335a64a27cefd0607_hitmeup-min.webp)
HitMeUp was a web-based business commercial center. The founder had no tech background, and after launching 3 versions, they decided to shut down.
Details of the startup:
HitMeUp
You can read more about their failure here.
HotelsAroundYou
![HotelsAroundYou](https://cdn.prod.website-files.com/5fadb14c46b287ad224b60b9/605357a82cacac5dc7b5cb5c_hotelsaroundyoulogo.webp)
HotelsAroundYou was an India service centered on last-minute and short stay bookings. They weren't capable of raising more money and had to shut down.
Details of the startup:
Founders:
Animesh Chaudhary, Harsha Nallur, Mohsin Dingankar
Country:
India
Industry:
Travel
Started in:
2013
Closed in:
2017
Nº of employees:
1-10
Funding Amount:
< $1M
Specific cause of failure:
Competition
HotelsAroundYou
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.
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.
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.
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.
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.
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.
Moped
![Moped](https://cdn.prod.website-files.com/5fadb14c46b287ad224b60b9/60535b3cdecc339d41625ff4_moped-min.webp)
Moped was a free social app. It had not enough entertaining and fast-growing content that could attract a broad mass of users. It closed after 16 years.
Details of the startup:
Moped
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.
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.
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.
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.
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.
Reach.ly
![Reach.ly](https://cdn.prod.website-files.com/5fadb14c46b287ad224b60b9/60535a2103e220c0cf0edc69_reachly.png)
Reach.ly was an analytics tool for e-commerce sites providing customer behavior patterns. Lack of proper market feedback made the company shut down.
Details of the startup:
Reach.ly
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.
SchoolGennie
![SchoolGennie](https://cdn.prod.website-files.com/5fadb14c46b287ad224b60b9/60535ce11ab072df7c304891_haseeb-modi-CoVhe91yY0E-unsplash-min.webp)
SchoolGennie provided solutions that saved time, reduced costs, and helped make better decisions on schools. But they didn’t test their product-market fit.
Details of the startup:
SchoolGennie
You can read more about their failure here.
SellanApp
![SellanApp](https://cdn.prod.website-files.com/5fadb14c46b287ad224b60b9/605359f9dc898493c7d72e6a_sellanapp-min.webp)
SellanApp connected people who had an idea for an app with app developers that could materialize it. It failed due to an unhealthy co-founder partnership.
Details of the startup:
SellanApp
You can read more about their failure here.
Selltag
![Selltag](https://cdn.prod.website-files.com/5fadb14c46b287ad224b60b9/60535dddf2f3224d32f2bea8_selltag.webp)
Selltag was a web-based buy & sell platform. The CEO realized their business model would not be sustainable in the long term and shut it down.
Details of the startup:
Founders:
Javier Escribano, Ruben Colomer, Juan Luis Hortelano, Walter Kobylanski
Country:
Spain
Industry:
e-Commerce
Started in:
2014
Closed in:
2015
Nº of employees:
10-50
Funding Amount:
< $1M
Specific cause of failure:
Failure to Pivot
Selltag
You can read more about their failure here.
Sharingear
![Sharingear](https://cdn.prod.website-files.com/5fadb14c46b287ad224b60b9/6053583419055e15c442cdcf_sharingearpitch.webp)
Sharinger was a marketplace for musicians to rent their instruments. They focused on a market that was too small and the business model was unsustainable.
Details of the startup:
Sharingear
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.
Stayzilla
![Stayzilla](https://cdn.prod.website-files.com/5fadb14c46b287ad224b60b9/60535a4843089da09150b75f_stayzilla-min.webp)
Stayzilla, once a thriving homestay network with $33.5M in funding, closed due to unsustainable operational costs and consistent financial losses.
Details of the startup:
Founders:
Rupal Yogendra, Sachit Singhi, Sachit Singhi, Yogendra Vasupal
Country:
India
Industry:
Travel
Started in:
2005
Closed in:
2017
Nº of employees:
250-500
Funding Amount:
$10M-$50M
Specific cause of failure:
Lack of Focus
Stayzilla
You can read more about their failure here.
Stereomood
![Stereomood](https://cdn.prod.website-files.com/5fadb14c46b287ad224b60b9/60535d894153470a1e7f686b_stereomood-min.webp)
Stereomood was a music platform that provided mood-based song listings. The company was acquired but they weren’t able to make a profit.
Details of the startup:
Founders:
Daniele Novaga, Eleonora Viviani, Giovanni Ferron, Maurizio Pratici
Country:
Italy
Industry:
Music
Started in:
2009
Closed in:
2015
Nº of employees:
10-50
Funding Amount:
No Data
Specific cause of failure:
Acquisition Flu
Stereomood
You can read more about their failure here.
Sunrise
![Sunrise](https://cdn.prod.website-files.com/5fadb14c46b287ad224b60b9/60535db16dba666011421ecb_sunrise-min.webp)
Sunrise was a calendar app for mobile and desktop. They had good reviews from users, but calendars are hard to monetize and they have a low entry barrier.
Details of the startup:
Sunrise
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.
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.
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.
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.
Zoomo
![Zoomo](https://cdn.prod.website-files.com/5fadb14c46b287ad224b60b9/60535f225db0e37edfc1d3fa_zoomo-min.webp)
Zoomo's goal was to build trust in the Indian used cars market. The buy-and-sell vehicle market was relatively young in India and decided to shut down.
Details of the startup:
Zoomo
You can read more about their failure here.