TechCrunch: 10 of the most-funded startups to fail in 2017

[Eskil]

Yesterday I posted about a company called Juicero, and some lessons on what NOT to do, lol..

TechCrunch also put together a list of the 10 most funded startups that have failed (Juicero also made it on this list) or are failing in 2017:

10 of the most-funded startups to fail in 2017

A Reddit user summarized them as follows:

I'm not posting this to mock these ideas or companies because I'm sure there were some brilliant minds and great entrepreneurs behind all of them. But it's sometimes good to observe and analyze why things don't work so we can learn from not just our own failures, but other people's mistakes as well.

And they are ALL reminders that execution is EVERYTHING.

 

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[AllenCrawley]

Yesterday I posted about a company called Juicero, and some lessons on what NOT to do, lol..

TechCrunch also put together a list of the 10 most funded startups that have failed (Juicero also made it on this list) or are failing in 2017:

10 of the most-funded startups to fail in 2017

A Reddit user summarized them as follows:

I'm not posting this to mock these ideas or companies because I'm sure there were some brilliant minds and great entrepreneurs behind all of them. But it's sometimes good to observe and analyze why things don't work so we can learn from not just our own failures, but other people's mistakes as well.

And they are ALL reminders that execution is EVERYTHING.

I'm sure most if not all of the these companies executed their butts off. Sure some of the problems could be attributed to improper execution but execution means nothing if no one will buy the product.

 

[Eskil]

I'm sure most if not all of the these companies executed their butts off. Sure some of the problems could be attributed to improper execution but execution means nothing if no one will buy the product.

Well yes, no doubt I am sure they executed their butts off. But execution AND idea/product must definitely be on par.

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[LateStarter]

But @AllenCrawley who doesn't need a $700 wifi-enabled juicer? [emoji12]

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[AA1980]

Jawbone failed? Wow. It's funny because they were a well known fitness tracker. Steamrolled by Fitbit I guess


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[GuestUser450]

The startup dead pool could fill more pages than this forum has. VC is speculative with a terrible W-L record. Yes, big wins often make it worth it - for VCs. Pension funds, endowments and foundations still eat dirt because of unicorn-painted donkeys.

What They Didn't Do:
Offer a defensible, profitable product that a big market wants and is willing to pay for.

It's like VCs have no CENTS.

 

[AA1980]

The startup dead pool could fill more pages than this forum has. VC is speculative with a terrible W-L record. Yes, big wins often make it worth it - for VCs. Pension funds, endowments and foundations still eat dirt because of unicorn-painted donkeys.

What They Didn't Do:
Offer a defensible, profitable product that a big market wants and is willing to pay for.

It's like VCs have no CENTS.

You're right. I manage Pension Fund assets for a living. We do expect most vc investments to fail but the few homeruns typically make up for it. (This is assuming your assets are with a good VC manager)


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[Guest24480]

Sometimes funding can drive founders to complacency, similar to a kid who does well on a test, is told he is smart, and then gets steamrolled on the next one because he didn't think he had to study.

I've been a member of a co-working office space before and was dumbfounded by the venture-backed startups without an MVP to show for (how did they get funding again?) who played ping-pong for 2 hours at lunch break and worked 10-4 on Fridays because they refused to miss happy hour. Sadly, this is what the majority of the start-up world considers "entrepreneurship", and it's why 90% of them fail.

 

[GuestUser450]

You're right. I manage Pension Fund assets for a living. We do expect most vc investments to fail but the few homeruns typically make up for it. (This is assuming your assets are with a good VC manager)

I wish there were VCs that were paid for performance not fees and had to invest in their own funds. If I was an LP I'd be pretty disgusted with the whole deal.

 

[millerad]

It's crazy that these hugely funded companies all are set to fail with so much money!

 

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