In short, our relationship with the new production facility broke down and has exhausted available funding and manufacturing routes.
In other words, thanks to AVE, Chorus was contributing to the very thing it was trying to solve, and making people hide from their workout buddies.
We regret to share that Sansaire will be ceasing development of the Delta [cooking device] and the company will ultimately be closing its doors.
The real reasons can be hard to uncover, but the obituaries written by founders, investors, and journalists offer plenty of clues.
Below is a time-staggered compilation of startup post-mortems for some of the most notable failures in the CB Insights database.
Chorus tried all sorts of things to overcome AVE: having trainers on the platform that could answer questions, allowing people to do one-day challenges, encouraging chatting, and encouraging posting a weekly plan.
But people wallowing in the depths of AVE would turn off the notifications.
But, growth at all costs is a dangerous trap that many startups fall into, mine included. We decided to keep the popular-but-unprofitable parts of our business running, with small teams of their own behind them. While large, established companies have the financial freedom to explore new product categories for the sake of exploring, for startups it can be irresponsible.[It] became clear that, to properly educate the market, we would need a much louder voice and considerably more capital.
The last year’s Napa fires affected our ability to scale our customer base over the holiday season and hence our ability to raise the funds required to continue building awareness of Kuvée. Perhaps we were solving for a pain (e.g., Linked In sucks) instead of a real problem (e.g., I can’t find expertise)?
Read on for post-mortems of 11 startups that have shuttered since our last update in October 2017.
Title: ‘Colored coins’ startup Coinprism is shutting down Product: Coinprism web wallet In an email to Coin Desk, Coinprism founder and CEO Flavien Charlon wrote: We didn’t see a business model that would have been viable long term.
After reading the 253 goodbye letters and investigative takedowns below, check out our rundown for the top 20 reasons that startups shutter.