Breaking

Tuesday, 15 May 2018

9 MOST FUNDED FAIL STARTUPS - 2017

Beepi

Beepi is a marketplace for people to sell and buy used cars processed and delivered to the new owner by Beepi, bypassing the costly overhead and commission structure of car dealerships. In the investor list Yuri Milner, Comerica, Redpoint, Foundation Capital, Sherpa Capital, and Fabrice Grinda.
Reason for Failure: Wrong priorities.
Shut down in February 2017

Home Hero

Home Hero partnered with hospitals and launched a service that helps people monitor the health of their family members under the care of providers hired by Home Hero.
Reason for Failure: Exploiting Contract Workers.
Shut down in February 2017.

Auctionata

Auctionata broadcast online live auctions for fine art and collectibles.
Reason for Failure: Failed to meet their estimates.
Shut down in February 2017.

Quixey

Quixey was a mobile search company that crawled apps.
Reason for Failure: Failed to meet their estimates.
Shut down in May 2017.

Yikyak

Yikyak was an app to create and view discussions within an 8km radius.
Reason for Failure: Anonymous Messaging.
Shut down in May 2017.

Sprig

Sprig was making and delivering its own food.
Reason for Failure: Competition.
Shut down in May 2017.

Hello

Hello was Sleep Tracker Sense.
Reason for Failure: Competition.
Shut down in June 2017.

Pearl

Pearl is a backup camera embedded in a license plate cover?
Reason for Failure: Poor Sales.
Shut down in June 2017.

Juicero

Juicero was a juicer for fruit and vegetable juicing.
Reason for Failure:under-ideated, overpriced, and essentially useless product.
Shut down in September 2017.

1 comment:

  1. Bad luck of them and a lesson for all... Thanks for sharing.

    ReplyDelete