INSUBCONTINENT EXCLUSIVE:
All manner of startups fail for all manner of reasons
Doing well in this business requires the stars to align perfectly on a billion different things
gave us a best-selling book, documentary, podcast series and upcoming Adam McKay/Jennifer Lawrence film
Some, like MoviePass, however, may have come close
the startup was acquired by a larger company before shutting down.So without further ado, here are some of the biggest and most fascinating
new generation of slot cars onstage at the World Wide Developer Conference keynote
It was quite an honor for a young company
Apple was clearly impressed with how Overdrive pushed the limits of what could be done on the iPhone
Three years later, Anki released Cozmo
The plucky little robot was the result of large investment, including the hiring of ex-Pixar and Dreamworks animators brought on board to
In late 2018, the company launched the similar but adult-focused Vector robot
2019)Total raised: $3 million, acquired by Ford in 2017Chariot was a shuttle startup hoping to reinvent mass transit with a fleet of vans
doors around September and completed an asset sale
The company is one of many in the sector that failed to succeed in its efforts to court enterprise customers, as well as in its efforts to
compete with Magic Leap, Microsoft and others.Daqri was, at one point, speaking with a large private equity firm about financing ahead of a
potential IPO, but as the technical realities facing other AR companies came to light, the firm backed out and the deal crumbled, according
to earlier TechCrunch reporting
had about 1,000 active residents.As part of the shutdown, HomeShare said residents would not be getting back the deposits for their
you could say it was a tough year for consumer social robots
robot friend draw its final breath
The end came in spite of a successful crowdfunding campaign and a healthy amount of venture capital raised
In spite of it all, the startup was forced to lay off most of its staff and then, ultimately, send Jibo upstate to live on the robo-farm
Where to even start with this one? When we were putting this list together, one TechCruncher remarked that he swore MoviePass shut down
unfold over the course of several years, in excruciating slow motion
In fact, there seemed to be a new disaster every week, as the company hemorrhaged money, limited its service, experience outages, borrowed
even more money, was forced to enter a kind of zombie state and had a massive data breech
Oh, and then there was the John Gotti movie it financed that was arguably even worse
first startup scandals of 2019 involved a once well-known meal delivery startup, Munchery
After the business emailed its customers notifying them of its imminent shutdown, its vendors came forward with a slew of accusations
Namely, the food delivery startup took advantage of them in its final hours, knowingly allowing them to continue making deliveries it
While the CEO and its venture capital investors stayed largely silent, its vendors cried out for an explanation and even protested outside
the most recent additions to this list, Bay Area-based food startup Nomiku called it quits earlier this month
The company helped pioneer the consumer sous vide category, only to see the market flooded by competing devices
In multiple successful Kickstarter campaigns totaling $1.3 million, backing from Samsung Ventures and an attempted pivot into meal plans,
By early 2018, ODG had lost half of its workforce as it sought loans to pay back employees
By early 2019, only a skeleton crew awaited a patent sale after acquisitions from several large tech companies, including Facebook and Magic
build a white-label software platform that would allow brick-and-mortar merchants to operate their own businesses for renting and selling
as a cloud service that can be used by anyone
The ambitions were grand and attracted investors like Felicis Ventures, Tencent and Khosla Ventures.Unfortunately, the company was forced to
Former CEO Sercinoglu tells us the shutdown was a result of a lack of funding due to insufficient commercial traction
millionIt was a rough year for MoviePass -style movie ticket subscription services in general
issues, hidden charges and policies for shuttering accounts.In April, the company announced that it was ending U.S
of the first fatalities of the electric scooter craze of 2018, though certainly not the last
As the story goes, the business spent way too much money on Facebook and Google ads; the startup quickly shut down with no money left over
to issue refunds for more than 300 of its $699 scooters that had been ordered.The not-so-aptly named Unicorn had completed the Y Combinator
startup accelerator only a few months before it called it quits, likely making it one of the fastest YC grads to shutter post-graduation
@VrealOfficial twitterVreal was an ambitious game-streaming platform that aimed to let VR users explore the worlds in which live-streamers
Those users could walk around streamers as avatars, or they could explore on their own as passive observers while listening to the
