Sunday, 24 December 2017

9 MOST FUNDED FAIL STARTUP - 2017

Name
Raised fund
Investors
Beepi
$148.95 million
35
Home Hero
$23.02 million
7
Auctionata
$95.65 million
15
Quixey
$164 million
1
Yikyak
$73.5 million
9
Sprig
$56.7 million
26
Hello
$40.51 million
7
Pearl
$50 million
4
Juicero
118.5 million
17










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


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



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


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


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

Pearl is a backup camera embedded in a license plate cover.
Reason for Failure: Poor Sales
Shut down in June 2017
Juicero was a juicer of fruit and vegetable juicing
Reason for Failure: under-ideated, overpriced and essentially useless product
Shut down in September 2017 

In conclusion, we can say that not only business owners need to take care while choosing investors, investors should also understand in real where exactly they are investing.
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