≡ Menu

At Least $1.48 Billion in VC Funding Has Gone Up in Smoke This Year as the List of Dead Startups Grows

An anonymous reader shares a report: We’re halfway through 2017 and already a group of startups that together raised $1.48 billion have shut down. Some of these startups are: Beepi, the website that brought together car buyers and used-car sellers, shuttered in February. Quixey, a mobile search engine that was able to crawl apps, laid off most of its staff at the end of February. Yik Yak — the anonymous social media app that was at the center of several college harassment scandals — announced its closure on April 28, after struggling to keep users on its platform. Maple, a New York City-based food delivery service, closed down on May 8. Sprig, a San Francisco-centric service that delivered high-quality meals on demand, made its last delivery on May 26. Hello was the company behind the Sense sleep tracking sensor, which was designed to sit in users’ rooms, rather than on their wrists. It closed in June after failing to find a buyer. Jawbone was a pioneer in wearable devices, with a focus on fitness trackers and portable speakers, but it struggled to pay its vendors.

Read more of this story at Slashdot.

{ 0 comments… add one }

Leave a Comment

Home | About | Contact | Disclaimer | Terms | Privacy

Copyright © 2017 by Tom Connelly | All Rights Reserved