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We just published this list of 64 startups that failed due to bad market fit, along with analyses on why they shut down and interviews with their founders.
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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
You can read more about their failure here.
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:
Founders:
Adil Mohammed, Michal Bohanes
Country:
United Kingdom
Industry:
Food & Beverage
Started in:
2012
Closed in:
2014
Nº of employees:
1-10
Funding Amount:
< $1M
Specific cause of failure:
No Market Need
You can read more about their failure here.
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:
Founders:
Josh Fraser, Rob Johnson
Country:
United States
Industry:
Finances
Started in:
2007
Closed in:
2010
Nº of employees:
1-10
Funding Amount:
< $1M
Specific cause of failure:
Lack of PMF
You can read more about their failure here.
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:
Founders:
Bobby Ghoshal, Matthew Ausonio
Country:
United States
Industry:
Productivity
Started in:
2010
Closed in:
2013
Nº of employees:
10-50
Funding Amount:
$1M-$10M
Specific cause of failure:
Multiple Reasons
You can read more about their failure here.
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:
Founders:
Abhishek Gupta, Nikunj Jain
Country:
India
Industry:
Social Media
Started in:
2014
Closed in:
2016
Nº of employees:
50-100
Funding Amount:
< $1M
Specific cause of failure:
Lack of PMF
You can read more about their failure here.
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:
Founders:
Jonathan Abrams
Country:
Philippines
Industry:
Social Media
Started in:
2001
Closed in:
2015
Nº of employees:
10-50
Funding Amount:
$10M-$50M
Specific cause of failure:
Lack of PMF
You can read more about their failure here.
Lumos provided the ultimate smart switching tech. After the shutdown, the founders recognized they were not the right team to build a hardware company.
Details of the startup:
Founders:
Pritesh Sankhe, Tarkeshwar Singh, Yash Kotak
Country:
India
Industry:
Software & Hardware
Started in:
2014
Closed in:
2015
Nº of employees:
1-10
Funding Amount:
No Data
Specific cause of failure:
Lack of Experience
You can read more about their failure here.
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:
Founders:
Roger Ehrenberg
Country:
United States
Industry:
Analytics
Started in:
2003
Closed in:
2008
Nº of employees:
1-10
Funding Amount:
$10M-$50M
Specific cause of failure:
Multiple Reasons
You can read more about their failure here.
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:
Founders:
Schuyler Deerman
Country:
Germany
Industry:
Social Media
Started in:
1998
Closed in:
2014
Nº of employees:
10-50
Funding Amount:
$1M-$10M
Specific cause of failure:
No Market Need
You can read more about their failure here.
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:
Founders:
Doug Simpson, Karl Guttag
Country:
United States
Industry:
Transportation
Started in:
2013
Closed in:
2018
Nº of employees:
50-100
Funding Amount:
$10M-$50M
Specific cause of failure:
Multiple Reasons
You can read more about their failure here.
OpTier provided customers with a business transaction monitoring platform. Little market share, revenue, and investment led to OpTier's failure.
Details of the startup:
Founders:
Amir Alon, Motti Tal
Country:
United States
Industry:
Analytics
Started in:
2002
Closed in:
2014
Nº of employees:
50-100
Funding Amount:
> $50M
Specific cause of failure:
Lack of PMF
You can read more about their failure here.
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
You can read more about their failure here.
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:
Founders:
Jeffrey Katzenberg
Country:
United States
Industry:
Entertainment
Started in:
2018
Closed in:
2020
Nº of employees:
250-500
Funding Amount:
> $50M
Specific cause of failure:
Multiple Reasons
You can read more about their failure here.
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:
Founders:
Ernests Štāls
Country:
Latvia
Industry:
Analytics
Started in:
2011
Closed in:
2015
Nº of employees:
1-10
Funding Amount:
< $1M
Specific cause of failure:
Multiple Reasons
You can read more about their failure here.
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:
Founders:
Michael Glukhovsky, Slava Akhmechet
Country:
United States
Industry:
Software & Hardware
Started in:
2009
Closed in:
2016
Nº of employees:
10-50
Funding Amount:
$10M-$50M
Specific cause of failure:
Lack of PMF
You can read more about their failure here.
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:
Founders:
Amit Gupta, Pardeep Goyal
Country:
India
Industry:
Education
Started in:
2013
Closed in:
2014
Nº of employees:
1-10
Funding Amount:
$0
Specific cause of failure:
Lack of Experience
You can read more about their failure here.
Seven Dreamers Laboratory built a robot that washed, ironed and folded laundry. However, their product was expensive and couldn't match human's dexterity.
Details of the startup:
Founders:
Shin Sakane
Country:
Japan
Industry:
Software & Hardware
Started in:
2014
Closed in:
2019
Nº of employees:
100-250
Funding Amount:
> $50M
Specific cause of failure:
Poor Product
You can read more about their failure here.
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:
Founders:
Mircea Gabriel Eftemie
Country:
Denmark
Industry:
Music
Started in:
2014
Closed in:
2015
Nº of employees:
1-10
Funding Amount:
< $1M
Specific cause of failure:
Multiple Reasons
You can read more about their failure here.
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
You can read more about their failure here.
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:
Founders:
Allen Han, Kris Efland
Country:
United States
Industry:
Food & Beverage
Started in:
2014
Closed in:
2017
Nº of employees:
10-50
Funding Amount:
$10M-$50M
Specific cause of failure:
No Market Need
You can read more about their failure here.
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
You can read more about their failure here.
Wattage was a platform with an ambitious goal: to break the entry barrier for hardware design. They weren't able to validate market interest.
Details of the startup:
Founders:
Brett Hagman, Jeremy Bell, Peter Nitsch
Country:
Canada
Industry:
Software & Hardware
Started in:
2014
Closed in:
2015
Nº of employees:
50-100
Funding Amount:
< $1M
Specific cause of failure:
No Market Need
You can read more about their failure here.
101 Studios was a producer of video games that taught users things while they played. They went with a “business to professor” business model, but despite professors like the idea, they wouldn’t implement it in their classes. The startup could never reach product-market fit and shut down months later.
Details of the startup:
Founder:
Matt “GundayMonday” Sever
Country:
United States
Industry:
Education
Started in:
Closed in:
Funding Amount:
$0
Specific cause of failure:
Bad Market Fit
You can read more about their failure here.
Sam was one of the co-founders of Ansaro, a SaaS that aimed to revolutionize the recruiting industry through the use of technologies like AI. They raised $2.25M from institutional investors and $750K from friends and family, grew the team to 6 members and earned in total $100k. But with expenses of $70k/month and no product-market fit, they had to shut down 2 years later.
Details of the startup:
Founder:
Sam Stone
Country:
United States
Industry:
Software & Hardware
Started in:
2016
Closed in:
2018
Funding Amount:
$1M-$5M
Specific cause of failure:
Bad Market Fit
You can read more about their failure here.
AskTina was a live video chat widget for experts to install on their blogs. They did not spend enough time validating the idea through customer interviews before investing in building the MVP.
Details of the startup:
Founder:
Tom Hunt
Country:
United Kingdom
Industry:
Software & Hardware
Started in:
2016
Closed in:
2017
Funding Amount:
$0
Specific cause of failure:
Bad Market Fit
You can read more about their failure here.
Boston Apartment Hub was an apartment listing site for the Boston area. The idea was probably too ahead of its time.
Details of the startup:
Founder:
Jon Sherman
Country:
United States
Industry:
Software & Hardware
Started in:
2006
Closed in:
2007
Funding Amount:
$0
Specific cause of failure:
Bad Market Fit
You can read more about their failure here.
Botnim was a web application that provided near dishes and their nutritional values. Read now the story of the 2 co-founders with a failed startup.
Details of the startup:
Founder:
Shaked Klein Orbach & Gilad Peled
Country:
Israel
Industry:
Food & Beverage
Started in:
2017
Closed in:
2017
Funding Amount:
$0
Specific cause of failure:
Bad Market Fit
You can read more about their failure here.
Brisk was a prescriptive intelligence company which suffered from lack of focus. Being dependant on Salesforce was a fatal mistake.
Details of the startup:
Founder:
Hampus Jakobsson
Country:
Sweden
Industry:
Software & Hardware
Started in:
2012
Closed in:
2016
Funding Amount:
$1M-$5M
Specific cause of failure:
Lack of Focus
You can read more about their failure here.
While in university, Kaito started Community Coders, a business that connected companies looking for web development and digital marketing services with high school students. However, as the months went over, it became difficult to close deals and the startup began to lose its course until they shut down.
Details of the startup:
Founder:
Kaito Cunningham
Country:
Canada
Industry:
Education
Started in:
2018
Closed in:
2020
Funding Amount:
$0
Specific cause of failure:
Bad Management
You can read more about their failure here.
Delite was a SaaS platform for B2B wholesale orders. It didn’t satisfy any necessity of customers. Just that thing in life you keep putting off.
Details of the startup:
Founder:
Patrick Walls
Country:
United States
Industry:
Software & Hardware
Started in:
2016
Closed in:
2017
Funding Amount:
$0
Specific cause of failure:
No Market Need
You can read more about their failure here.
Kyril is the founder of DotaHaven, a gaming content site that’s currently passing away. The website had early success, raising $90k, growing from 0 to 500k page views/mo in 6 months and making $3.5/mo at its peak. However, in the last months, the business has struggled to make enough money to keep running; over-investment in a non-validated concept is one of the reasons for their failure.
Details of the startup:
Founder:
Kyril Kotashev
Country:
Bulgaria
Industry:
Entertainment
Started in:
2018
Closed in:
2020
Funding Amount:
< $100K
Specific cause of failure:
Bad Market Fit
You can read more about their failure here.
Eloquis was all about bringing personalization to mobile apps. The problem? Early in the market and targeted the wrong customer segment.
Details of the startup:
Founder:
Rohit Nallapeta
Country:
United States
Industry:
Software & Hardware
Started in:
2010
Closed in:
2011
Funding Amount:
$0
Specific cause of failure:
No Market Need
You can read more about their failure here.
Justin Anyanwu is a maker who a few years ago built Eventloot, a SaaS platform for wedding planning professionals. He hired some designers and developers and got the SaaS working. But after a few months of running Facebook Ads and sending cold emails, they decided to shut it down. They hadn’t built a platform that solved the problems wedding planners had.
Details of the startup:
Founder:
Justin Anyanwu
Country:
United States
Industry:
Software & Hardware
Started in:
2014
Closed in:
2017
Funding Amount:
$0
Specific cause of failure:
No Market Need
You can read more about their failure here.
Andrey Norin is a budding entrepreneur, responsible for all the successes and the failures of ExploreVR. This was a directory site focused 100% on virtual reality. He started it in 2017 and shut down a few months later. His lack of experience in creating a business from scratch was the main cause of failure.
Details of the startup:
Founder:
Andrey Norin
Country:
United States
Industry:
Software & Hardware
Started in:
2017
Closed in:
2017
Funding Amount:
$0
Specific cause of failure:
Lack of Experience
You can read more about their failure here.
Flux was a modular multi messaging client. They raised a small angel round of 70K € and invested another 15K €. A combination of many issues led to their failure.
Details of the startup:
Founder:
Jan Johannes
Country:
Germany
Industry:
Software & Hardware
Started in:
2011
Closed in:
2016
Funding Amount:
< $100K
Specific cause of failure:
Bad Management
You can read more about their failure here.
Gymlisted was a website for finding the right private gym. Every day, Tom would go home from his day job and code up features for Gymlisted until midnight. Once launched, they started with their marketing efforts. But they soon realized there was pretty much no demand for what they were offering.
Details of the startup:
Founder:
Tom Zaragoza
Country:
Canada
Industry:
Software & Hardware
Started in:
2017
Closed in:
2018
Funding Amount:
$0
Specific cause of failure:
No Market Need
You can read more about their failure here.
Pierre co-founded Hello Tyro, a platform matching students with internship opportunities in Belgian startups. They raised €250k and reached €4k MRR at their top but didn't find Product-Market Fit. They ran out of cash and filed for bankruptcy in 2020.
Details of the startup:
Founder:
Pierre Tillement
Country:
Belgium
Industry:
Software & Hardware
Started in:
2017
Closed in:
2020
Funding Amount:
$100K-$500K
Specific cause of failure:
No Market Need
You can read more about their failure here.
Tobi Ogunwande is a Nigerian filmmaker who tried to build the Netflix for African short films as a result of his frustration to find great African movies. He partnered with a technical co-founder and soon after launching, they were seeing an average of 1,000 views on their films. However, they soon realized the market niche was too small and there wasn’t a clear business model. Eventually, they run out of money and shut down.
Details of the startup:
Founder:
Tobi Ogunwande
Country:
Nigeria
Industry:
Entertainment
Started in:
2015
Closed in:
2016
Funding Amount:
< $100K
Specific cause of failure:
Bad Business Model
You can read more about their failure here.
Wit Sumathavanit has recently started to pivot from offline to online entrepreneurship. But before that, he tried to build a juice business in Bangkok. He lost around $3,000 but those learnings impacted his process to validate new ideas.
Details of the startup:
Founder:
Wit Sumathavanit
Country:
Thailand
Industry:
Food & Beverage
Started in:
2020
Closed in:
2020
Funding Amount:
$0
Specific cause of failure:
No Market Need
You can read more about their failure here.
Legaats was a web app where baby boomers and senior citizens could share their important life lessons. 5 were the causes of its failure.
Details of the startup:
Founder:
Deepak Chhugani
Country:
United States
Industry:
Social Media
Started in:
2017
Closed in:
2017
Funding Amount:
$0
Specific cause of failure:
Bad Business Model
You can read more about their failure here.
Jordi Miró has been building products and companies since 2007. After a successful CTO experience in Wuaki TV, he founded Lernin Games, an EdTech startup focused on toddlers. He raised €1.5M and built a team of 10, but Lernin ran out of cash and the project couldn’t succeed.
Details of the startup:
Founder:
Jordi Miró
Country:
Spain
Industry:
Education
Started in:
2017
Closed in:
2019
Funding Amount:
$1M-$5M
Specific cause of failure:
Bad Business Model
You can read more about their failure here.
Michael founded LocalTown, an online marketplace built using no-code tools. After noticing a lot of makers needed help with launching their side projects, he started building tools to solve the problems of that niche.
Details of the startup:
Founder:
Michael Novotny
Country:
United States
Industry:
Software & Hardware
Started in:
2016
Closed in:
2018
Funding Amount:
$0
Specific cause of failure:
Bad Market Fit
You can read more about their failure here.
Lockpick Entertainment was a small game studio, that created Dreamlords, a famous MMORTS game. They did it well, making thousands per month. But they began to increase the scope, and after 6 years, they went out of business due to bankruptcy.
Details of the startup:
Founder:
Jesper Bylund
Country:
Sweden
Industry:
Software & Hardware
Started in:
2006
Closed in:
2012
Funding Amount:
$0
Specific cause of failure:
Competition
You can read more about their failure here.
Eelco built Muun in his own, a SaaS that allowed co-working spaces owners to run their businesses effectively. He validated the idea and after weeks, he launched it. However, once in the market, Muun had to compete with really big competitors which had much more features and a better pricing. So, Eelco decided to shut it down.
Details of the startup:
Founder:
Eelco
Country:
Netherlands
Industry:
Software & Hardware
Started in:
2017
Closed in:
2018
Funding Amount:
$0
Specific cause of failure:
Bad Marketing
You can read more about their failure here.
Following his objective of reaching $10k/month from his online businesses, Jake launched NE Lounge, an Amazon FBA store selling inflatable products. 1 year and $16,000 later, the startup shut down. Choosing the wrong product in an unfamiliar niche is the cause to blame.
Details of the startup:
Founder:
Jake Lang
Country:
United States
Industry:
e-Commerce
Started in:
2017
Closed in:
2018
Funding Amount:
$0
Specific cause of failure:
No Market Need
You can read more about their failure here.
Onepagetrip was a travel itinerary sharing community. Not having a plan to make money from the beginning was a stupid rookie mistake.
Details of the startup:
Founder:
Ana Santos
Country:
Australia
Industry:
Travel
Started in:
2014
Closed in:
2015
Funding Amount:
$0
Specific cause of failure:
Bad Business Model
You can read more about their failure here.
Ömer launched patron.ai, a gamification platform for developer teams. After promoting it on Twitter and Product Hunt without getting much traction, he decided to shut down the project. That decision was mainly due to a lack of product-market fit and not talking enough to users that signed up.
Details of the startup:
Founder:
Ömer Taban
Country:
Turkey
Industry:
Productivity
Started in:
2018
Closed in:
2020
Funding Amount:
< $100K
Specific cause of failure:
Bad Market Fit
You can read more about their failure here.
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.
Lola founded Refolo, a meal-planning app focused on plant-based eating. After spending 2 years selling a solution for a problem that people weren't already investing money in, she decided to shut it down looking for other opportunities.
Details of the startup:
Founder:
Lola Ojabowale
Country:
United States
Industry:
Health
Started in:
2018
Closed in:
2020
Funding Amount:
$0
Specific cause of failure:
Bad Market Fit
You can read more about their failure here.
Charlie Reese is a Canadian software developer who came with (what he thought it was) a revolutionary idea for a SaaS business in the real estate industry. Using his knowledge in JavaScript, React, and SQL, he built a prototype in 6 weeks. But he failed to validate his idea and shut down.
Details of the startup:
Founder:
Charlie Reese
Country:
Canada
Industry:
Software & Hardware
Started in:
2017
Closed in:
2018
Funding Amount:
$0
Specific cause of failure:
Poor Product
You can read more about their failure here.
Isaac Medeiros is a 23-year-old digital marketer that recently launched his first no-code SaaS project, a mass SMS marketing platform for streamers made with a bunch of no-code tools. We'll discuss how starting using no-code tools helped him realize that building an MVP is easier than ever.
Details of the startup:
Founder:
Isaac Medeiros
Country:
Brazil
Industry:
Marketing
Started in:
2020
Closed in:
2020
Funding Amount:
$0
Specific cause of failure:
Bad Market Fit
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.
Hunt was a software engineer at a Silicon Valley company when he decided to build Singulution, a point of sale & business management solution for multi-location vendors. However, after 10 months of work and $30,000 spent, he couldn’t validate his idea and ran out of money. The company was eventually absorbed by another startup.
Details of the startup:
Founder:
Hunt Burdick
Country:
United States
Industry:
Software & Hardware
Started in:
2017
Closed in:
2018
Funding Amount:
$0
Specific cause of failure:
Bad Market Fit
You can read more about their failure here.
With 2 partners, Stefan co-founded Swipes, a company that developed productivity tools. The startup went through all stages and experiences, even almost fundraising $1M. However, over the 6 years of running, they weren’t able to really find product-market fit and they eventually ran out of money.
Details of the startup:
Founder:
Stefan Vladimirov
Country:
Bulgaria
Industry:
Productivity
Started in:
2013
Closed in:
2019
Funding Amount:
< $100K
Specific cause of failure:
Bad Market Fit
You can read more about their failure here.
Joe is a 25-year-old founder who, following Pieter Levels example, decided to build 12 startups in 12 months. Doing some A/B testing for his other projects, he found the existing tools had a lot of missing features and decided to spend 2 months full-time working on a new solution. But things didn't go well...
Details of the startup:
Founder:
Joe D’elia
Country:
United Kingdom
Industry:
Analytics
Started in:
2017
Closed in:
2017
Funding Amount:
$0
Specific cause of failure:
Bad Marketing
You can read more about their failure here.
Matt created Tali, a timekeeping solution for lawyers powered by voice technology like Amazon Alexa, and Google Assistant. Like many first start-ups, they encountered many mistakes while trying to build. He created Tali in the effort to help lawyers more effectively keep track of their time instead of using pen and paper. Ultimately, due to a lack of traction and a misfit product market they had to wind things down.
Details of the startup:
Founder:
Matthew Volm
Country:
United States
Industry:
Software & Hardware
Started in:
2017
Closed in:
2019
Funding Amount:
$500K-$1M
Specific cause of failure:
Bad Market Fit
You can read more about their failure here.
Tandem was a live streaming platform for fitness. Cause of failure? Live fitness isn't that engaging. Influencers were reluctant to adopt a new platform.
Details of the startup:
Founder:
Nick Raushenbush
Country:
United States
Industry:
Health
Started in:
2016
Closed in:
2016
Funding Amount:
$0
Specific cause of failure:
Bad Market Fit
You can read more about their failure here.
Will is a software engineer based in San Francisco, who co-founded Tandem, an app to help people stay on top of their medications. They carried out some research and considered it was a great business idea. But, after launching, they discovered retention was really difficult and decided not to continue.
Details of the startup:
Founder:
Will Sun
Country:
United States
Industry:
Health
Started in:
2016
Closed in:
2016
Funding Amount:
$0
Specific cause of failure:
No Market Need
You can read more about their failure here.
Team Voice was a SaaS platform for HR professionals. The problem they were trying to solve turned out to be a human problem, not a technology one.
Details of the startup:
Founder:
Kirill Vechtomov
Country:
Canada
Industry:
Software & Hardware
Started in:
2015
Closed in:
2017
Funding Amount:
$0
Specific cause of failure:
No Market Need
You can read more about their failure here.
When reading the Lean Startup book, Sergio came up with an idea he wanted to validate: a SaaS to help teams to perform at a higher level. The validation was done successfully, but since then, mistakes related to technology, founding team and listening to customers, meant its shut down 2 years later.
Details of the startup:
Founder:
Sergio Schüler
Country:
Brazil
Industry:
Software & Hardware
Started in:
2012
Closed in:
2013
Funding Amount:
$0
Specific cause of failure:
No Market Need
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.
Vyacheslav is a software engineer who in 2017 decided to build a board for remote jobs on the IT industry. He built it using his programming knowledge and invite a list of contacts he knew to try the product. But he soon realized he couldn’t handle everything and that keeping up the project would require a lot of time and people. It wasn’t going to pay off, so he shut it down.
Details of the startup:
Founder:
Vyacheslav Grzhybovsky
Country:
Latvia
Industry:
Software & Hardware
Started in:
2017
Closed in:
2017
Funding Amount:
$0
Specific cause of failure:
Bad Market Fit
You can read more about their failure here.
Tauras is a 30-year old entrepreneur from Lithuania. With the objective of digitizing the wedding planning process, he co-founded WedMap. They launched the tool within some months and carried out a vast number of marketing strategies, which led to a monthly revenue of $2k. However, different problems on team, resources, skills, and product meant WedMap’s failure.
Details of the startup:
Founder:
Tauras Sinkus
Country:
Switzerland
Industry:
Software & Hardware
Started in:
2015
Closed in:
2018
Funding Amount:
$0
Specific cause of failure:
Lack of Funds
You can read more about their failure here.
Fabian founded Young Entrepreneurs Program, a one-year educational program for entrepreneurs aged 17 to 23. After 2 years and 150,000€ spent, they had 30,000€ in ARR and had to shut down due to no product-market fit.
Details of the startup:
Founder:
Fabian Tausch
Country:
Germany
Industry:
Education
Started in:
2018
Closed in:
2020
Funding Amount:
$0
Specific cause of failure:
Bad Market Fit
You can read more about their failure here.
