Failure and inventions are inseparable twins.
Jeff Bezos
Startups try to innovate, to invent and that’s the reason their chances of failure are higher. And, there is nothing bad about that. In fact, most of the startup founders that fail with their 1st, 2nd, or 3rd ventures; succeed with the 4th one and that’s what startups are.
I have compiled a list of failed startups along with the:
- description of what they were offering
- founded date
- where they are located, and
- the reason why they failed
Failed Startups [2020]
So, here goes the list of startups that failed in 2020:
| Name | Description | Founded Date | Location | Failure Reason |
|---|---|---|---|---|
| Sienna Bio-pharmaceuticals | Bio-pharmaceuticals | 2010 | United States | Ran out of cash, Poor product |
| Stratoscale | Data center infrastructure | 2013 | Israel | Lack of innovation |
| Vicis | Football helmet maker | United States | Out of cash, Pricing issues, Got outcompeted | |
| Hipmunk | Metasearch travel sites | 2010 | United States | Got outcompeted, Poor model |
| IgnitionOne | Adtech firm | 2003 | United States | Disharmony on the team, Lack of innovation |
| Omni | Storage and rental | 2014 | United States | Out of cash, Poor model, Product mistyped |
| Miaoshenghou | Fresh food delivery | China | Pricing issues, Poor model, Product mistyped | |
| Juno | 2016 | Israel | Legal challenges, Out of cash, Pricing issues | |
| CrediFi | Commercial loans data provider | 2013 | United States | Got outcompeted |
| Kettlebell Kitchen | Meal-kit startup | 2013 | United States | Out of cash, Got outcompeted |
| Vaniday | Beauty services booking | 2015 | Singapore | Poor model, Out of cash |
| Planswell | Fintech startup | 2020 | Canada | Legal challenges, Out of cash, No financing |
| Coolest Cooler | Bluetooth water-resistant speaker | 2015 | United States | Pricing issues, Poor model, Bad pivot |
| Inboard Technology | Electric skateboard | 2014 | United States | Bad pivot, Lack of innovation, No financing |
| Spacious | Restaurant-based coworking | 2016 | United States | Lost focus, Product mistyped |
| 8tracks | Music streaming | 2006 | United States | Out of cash, Got outcompeted, No innovation |
| Atrium | Legal tech and law firm | 2017 | United States | Bad pivot, Poor model |
| ScaleFactor | Finance and accounting platform | 2014 | United States | Burn out, Poor product |
| Starsky Robotics | Autonomous trucking tech startup | 2016 | United States | No financing, Out of cash, Product mistyped |
| Essential Products | Consumer hardware | 2015 | United States | Poor product, Lost focus, Ignored customers |
| Jumpshot | Marketing analytics tool | 2010 | United States | Illegal business practices |
| Sorabel | Fashion e-commerce | 2014 | Indonesia | No financing, Out of cash |
| Hollar | Online dollar store | 2015 | United States | Pricing issues, Poor model |
| The Outline | Digital media company | 2016 | United States | Poor marketing, Burn out |
| Stay Alfred | Apartment rental | 2010 | United States | Out of cash, No financing, Poor model |
| Stockwell | AI-powered vending machine | 2016 | United States | Out of cash |
| Pillow | Rental management software | 2014 | United States | Poor model, Burn out |
| ApartmentJet | Rental management software | 2014 | United States | Poor model, Burn out |
| Mixer | Interactive game streaming | 2014 | United States | Poor marketing |
| Lasso | TikTok clone | 2014 | United States | Poor marketing |
| Trover | Photo-sharing platform | 2010 | United States | Burn out |
That’s it.
We will keep updating the list as long as we keep finding the startups that failed in 2020.
Also see: 150+ personal websites list
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