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0What are the top failed startups in 2016?
Aaron Kazah, Developed a web app that tracks failed startups
Updated Feb 22 · Upvoted by Levi Koenig, Founded AllBox.Com & CleaningPros.Ca and Stanislaus Tandelilin, Co-founder of Sale Stock - leading fashion e-commerce in Indonesia
Here's a few startups that closed in 2016.
Skully - Skully developed augmented reality motorcycle helmets : raised over $10m. They had some issues with money management, for example some employees say the founders spent money on strippers. Learn why Skully failed
Karhoo - Transparent marketplace for ground transportation: raised approximately $40m. They mainly failed because they had a poor product. Learn why Karhoo failed
Peppertap - PepperTap is India's largest and fastest grocery delivery service :raised approximately $50m. They failed because they had a poor product.Learn why PepperTap failed
GoZoomo - peer-to-peer transactions of pre-owned cars: Raised approximately $5m. The founder couldn't come up with a sustainable business model. Learn why Zoomo failed
Frankly.me - Frankly is for frank conversations : They raised $600k. The founders decided to return investor money because their product couldn’t achieve product market fit. Learn why Frankly.me failed
Moveloot - Simplifying used furniture sale .: They raised $21.6m. The company failed because they couldn’t find a sustainable business model.
One former employee told Business Insider that from June (2015) on, "the costs were growing through the roof and revenues weren't keeping pace,”, likening it to the demise of Homejoy, another failed on-demand startup.
They closed the following year. Learn why Moveloot failed
JobHive - Meet candidates with video applications from 20+ job sites: They were a recruiting based company that raised approx $3m and the cause of failure is unknown. If you know why this company failed, just shoot me a message. Learn why Jobhive failed
Here's a few startups that failed in 2015
Grooveshark - Allows users to listen to music on-demand:
They raised over $5m and basically just got sued over copyright infringement. Days later one of their founders was found dead. Learn why Grooveshark failed
Quirky - Invention platform that connects inventors with companies: raised a staggering amount of $180m +. The products that they shipped out had good ideas, but they failed to improve each one. They soon became known as a … well not so “high quality” brand. Learn why Quirky failed
Secret - Secret allows you to share personal secrets anonymously: raised around $35m. The founder couldn't continue, because the vision he had for Secret didn't match the current state of the company. At some point, they lost focus on what they wanted to achieve. Learn why Secret failed
Townrush - A B2B logistics delivery company:
A delivery startup based in India. They were forced to shut down when they ran out of money and couldn’t afford paying employee salaries. Several sources say employees were unpaid for three months. Learn why Townrush failed
You can find some more failed startups on collapsed.co - A new startup is added each day
