Manual The Art of Failing: Getting back on Your Feet Again!

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Title: ChaCha, unable to find financial answers, shuts down operations. Product: ChaCha.

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Advertising revenue declined sharply [], leaving the company unable to service its debt, and no suitors took a bite. Product: Dealstruck. Dealstruck closed its doors after more than three years in business. It closed because a deal fell through. Product: Shoes. Doug Stephens, founder of consultancy Retail Prophet, said the company suffered from having too few managers from the fashion industry and too many from the technology sector.

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Despite all the appearances of growth, market awareness was still quite low. Title: The Adventure Comes to an End. Product: Lily Robotics. In the past year, the Lily family has had many ups and downs. We have been delighted by the steady advancements in the quality of our product and have received great feedback from our Beta program.

At the same time, we have been racing against a clock of ever-diminishing funds.

3. Mark Twain

Over the past few months, we have tried to secure financing in order to unlock our manufacturing line and ship our first units — but have been unable to do this. As a result, we are deeply saddened to say that we are planning to wind down the company and offer refunds to customers …. Product: VidAngel.

We are seeking a stay of this injunction, but if our efforts fail, we will need to take down the movies of all major studios. Title: App.

Product: App. Ultimately, we failed to overcome the chicken-and-egg issue between application developers and user adoption of those applications. We envisioned a pool of differentiated, fast-growing third-party applications would sustain the numbers needed to make the business work. Title: Home services startup Taskbob shuts shop. Product: TaskBob. And to achieve those in a low margin business and in a tough external market proved unexpectedly daunting. More than what anyone could have expected. Title: ChangeTip Shutting Down. Product: ChangeCoin. Among other complications, the monthly costs to maintain the servers, services, and customer support to keep the site running are not insignificant.

Furthermore, the potential legal liabilities that may arise make a volunteer effort unappealing. Title: Exclusive: Building materials marketplace Buildzar shuts down. Product: Buildzar.

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Buildzar started off as a pure-play B2C ecommerce business. In June, it pivoted to a subscription model. Earlier, we used to generate leads and convert them into transactions ourselves. But, after the pivot, we were just doing lead generation and selling those leads in the market … When transactions failed to pick up, we decided to wind up operations, which in my opinion was the right decision.

Title: A lot more wearable woe as Vinaya restructures and seeks pivot to b2b. Product: Vinaya. Whilst we ended up going by way of the system of founding and creating a buyer electronics corporation, it grew to become apparent that the projected amount of expansion for the B2C company by yourself was unlikely to be ready to maintain the expenses linked with the velocity of technological innovation necessary … to continue being aggressive in this space.

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Product: Besomebody. Shaikh cited three reasons for the decision. Title: Unfortunate News. Product: BriefMe Media. In short, due to a lack of funding, we are now beginning the process of winding down BriefMe and will be turning off the servers next week … Our users are extremely passionate, but after pursuing every possible path, we no longer have a sustainable avenue forward for the company.

2. Ulysses S. Grant

Without sufficient capital to provide BriefMe the energy and attention it deserves we have decided to move forward in the best possible manner for our team, supporters and users. Title: Open source wearable Angel shuts down. Product: Angel Sensor. However, over the last year or so, the regulatory pressures has been increasing to the point that it is no longer feasible to maintain the operation of the platform. We are regretfully announcing that we will have to begin terminating the services effective immediately.

Title: Rendeevoo is no more.

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Product: Rendeevoo. Bills were piling up on the business but also on our personal lives. In the meantime, we started discussing a potential exit with interested parties. Again, nothing fruitful happened on that front. Title: Y Combinator-backed Omniref is shutting down on January 31, Product: Omniref.

Title: Bitphone closing due to regulatory requirements. Product: bitphone. After 1. And believe me, they tried! All customer funds are secure and accounted for! And we are happy to say that! Our underlying carrier service now requires we collect your identification when placing calls. Product: All Romance eBooks.

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For the first year since opening in , we will be posting a loss. Despite efforts to maintain and grow our market share, sales and profits have declined. Product: Opsh. There is a distinctly unsexy side to running a start-up that made every effort to push-through almost impossible.

Product: Plain Vanilla Games. In it was announced that NBC was going to develop a quiz show based on the game, which was supposed to premiere in spring One could say that we placed too many eggs in the NBC basket. We have spent a lot of time and energy on developing the show.