Anki
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.
Circa
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.
DotCloud
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.
Flowtab
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.
Formspring
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.
Gowalla
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.
HiGear
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.
Kitchit
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.
Leap Transit
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 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 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.
Move Loot
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 allowed users to order gourmet food. However, they couldn't deliver the experience that it promised and build a profitable business model.
Details of the startup:
Founders:
Conrad Chu, Tri Tran, Van Tran
Country:
United States
Industry:
Food & Beverage
Started in:
2011
Closed in:
2019
Nº of employees:
100-250
Funding Amount:
> $50M
Specific cause of failure:
Multiple Reasons
Munchery
You can read more about their failure here.
Navdy
Navdy 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.
Pixate
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.
Rdio
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.
Secret
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 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 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 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 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 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 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 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.
TeeBeeDee
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.
Tilt
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.
Wantful
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 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.