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Top 10 startup failures of 2017

As a startup entrepreneur, you think that you know it all. In fact, every entrepreneur thinks of his/her idea is a step towards success. But after knowing that 90% of startups fail each year will haunt you from inside out. Even if you have enough funding, you won’t be able to make it to the end. If you still don’t believe, have a look at top 10 most funded startups to fail in 2017.

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Top 10 startup failures of 2017

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  1. TOP 10 Startup Failures of 2017

  2. Startups & Failure Some Statistics Some Statistics Why Startups Fail? Why Startups Fail? ▪ 9 out of 10 startups fail every year. ▪ Lack of market research ▪ 75% of venture-backed startups fail. ▪ Lack of focus ▪ 82% fail because of cash flow problems ▪ Absence of motivation ▪ 40% of SMBs are profitable ▪ Not thinking out of the box ▪ 30% reach breakeven point ▪ Wrong team –people ▪ 30% are continually losing money ▪ Fail to lead the team ▪ Information companies fail mostly with success rate of 37% after 4 years. ▪ Lack of industry knowledge ▪ Asking for funds too soon www.iqvis.com info@iqvis.com

  3. Hello! In the following slides, We are going to share some recent examples, where startups failed despite raising millions of dollars in terms of funding. www.iqvis.com info@iqvis.com

  4. Let’s start with the list! Scroll Down! www.iqvis.com info@iqvis.com

  5. ○ A marketplace for people to buy and sell used cars ○ Raised $148.95 million in 5 rounds from 35 investors Beepi The startup failed apparently due to the poor customerservice andwrong priorities. www.iqvis.com info@iqvis.com

  6. ○ Online Auction house for arts, antiques and collectibles ○ Raised $95.65 million in 6 rounds from 15 investors Auctionata The startup failed, apparently due to lack of ability to find potential buyers. Their live- stream events failed to meet their estimates andresultedin www.iqvis.com info@iqvis.com

  7. ○ Non-Medical Homecare Provider to into the patients’ homes/offices ○ Raised $23.02 million in 3 rounds from 7 investors HomeHero The startup failed due to underestimating regulatory changes and ability of homecare agencies to adopt new technology. They also overestimated the ability to pay off for non- medicalhomecare. www.iqvis.com info@iqvis.com

  8. ○ Mobile App Search Engine ○ Raised $164.9 million in 4 rounds Quixey The startup failed, apparently due to the bigger competitors like Google & Apple that are developing digitalassistantsandsearchtools. www.iqvis.com info@iqvis.com

  9. “ “Don’t worry about failure; you only have to be right once.” Drew Houston, Dropbox Founder & CEO

  10. ○ Anonymous Social Networking App ○ Raised $73.5 Million in 3 rounds from 9 investors Yik Yak The cyberbullying and unsavory content. In fact, some schools also banned it leading to damagedrepute &lesssubscription. startup failed, apparently due to www.iqvis.com info@iqvis.com

  11. ○ Cook and deliver own line of health conscious lunches and dinners ○ Raised $56.7 million in 4 rounds from 26 investors Spring The startup failed, apparently due to the differences in consumer retention and poor HR practices. www.iqvis.com info@iqvis.com

  12. ○ Consumer technology and wearable product ○ Raised $590.8 million in 14 rounds from 19 investors Jawbone The startup failed, apparently due to sluggish industry growth and tough competition in the wearablemarket. www.iqvis.com info@iqvis.com

  13. ○ Bedside sleep tracker sense ○ Raised $40.51 million in 4 rounds from 7 investors Hello The startup failed, due to a poor product experience and lack of innovation. It couldn’t bringinnewfeatures on-time. www.iqvis.com info@iqvis.com

  14. “ “The most dangerous poison is the feeling of achievement. The antidote is to every evening think what can be done better tomorrow.” Ingvar Kamprad, Founder of IKEA

  15. ○ Backup camera embedded in a license plate cover ○ Raised $50 million in 1 round from 4 investors Pearl The startup failed, due to overpricing. Most of the people didn’t value it to be a $500 product andwerenot attracted. www.iqvis.com info@iqvis.com

  16. ○ Juice machine maker ○ Raised $118.5 million in 4 rounds from 17 investors Juicero The startup failed, due to two factors. The upfront cost of the machine was too high. Moreover, consumers had to bear additional costfor refillablepackets. www.iqvis.com info@iqvis.com

  17. “ “Nothing works better than just improving your product.” Joel Spolsky, Stack Overflow & Trello Co-founder

  18. 100+ Startup Apps 300+ Projects 10+ Years Experience 100+ Engineers IQVIS is trusted by Successful Startups like Dropbox, CloudOn, Base, Kowa, and others. Are You the Next?

  19. Email: info@iqvis.com Phone: +1 415 787 0756

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