As a startup entrepreneur, you think that you know it all. In fact, every entrepreneur thinks of his/her idea is a step towards success. But after knowing that 90% of startups fail each year will haunt you from inside out. Even if you have enough funding, you won’t be able to make it to the end. If you still don’t believe, have a look at top 10 most funded startups to fail in 2017.

1. TOP 10
Startup Failures
of 2017

2. Startups
&
Failure
Some Statistics
 9 out of 10 startups fail every year.
 75% of venture-backed startups fail.
 82% fail because of cash flow problems
 40% of SMBs are profitable
 30% reach breakeven point
 30% are continually losing money
 Information companies fail mostly with
success rate of 37% after 4 years.
Why Startups Fail?
 Lack of market research
 Lack of focus
 Absence of motivation
 Not thinking out of the box
 Wrong team – people
 Fail to lead the team
 Lack of industry knowledge
 Asking for funds too soon
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3. Hello!
In the following slides,
We are going to share some recent examples,
where startups failed despite raising millions of
dollars in terms of funding.
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4. Scroll Down!
Let’s start with the list!
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5. Beepi
○ A marketplace for people to buy and sell
used cars
○ Raised $148.95 million in 5 rounds from 35
investors
The startup failed apparently due to the poor
customer service and wrong priorities.
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6. Auctionata
○ Online Auction house for arts, antiques and
collectibles
○ Raised $95.65 million in 6 rounds from 15
investors
The startup failed, apparently due to lack of
ability to find potential buyers. Their live-
stream events failed to meet their estimates
and resulted in
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7. HomeHero
○ Non-Medical Homecare Provider to into
the patients’ homes/offices
○ Raised $23.02 million in 3 rounds from 7
investors
The startup failed due to underestimating
regulatory changes and ability of homecare
agencies to adopt new technology. They also
overestimated the ability to pay off for non-
medical home care.
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8. Quixey
○ Mobile App Search Engine
○ Raised $164.9 million in 4 rounds
The startup failed, apparently due to the bigger
competitors like Google & Apple that are
developing digital assistants and search tools.
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9. “
“Don’t worry about failure; you only have to
be right once.”
Drew Houston, Dropbox Founder & CEO

10. Yik Yak
○ Anonymous Social Networking App
○ Raised $73.5 Million in 3 rounds from 9
investors
The startup failed, apparently due to
cyberbullying and unsavory content. In fact,
some schools also banned it leading to
damaged repute & less subscription.
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11. Spring
○ Cook and deliver own line of health
conscious lunches and dinners
○ Raised $56.7 million in 4 rounds from 26
investors
The startup failed, apparently due to the
differences in consumer retention and poor HR
practices.
www.iqvis.com info@iqvis.com

12. Jawbone
○ Consumer technology and wearable
product
○ Raised $590.8 million in 14 rounds from 19
investors
The startup failed, apparently due to sluggish
industry growth and tough competition in the
wearable market.
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13. Hello
○ Bedside sleep tracker sense
○ Raised $40.51 million in 4 rounds from 7
investors
The startup failed, due to a poor product
experience and lack of innovation. It couldn’t
bring in new features on-time.
www.iqvis.com info@iqvis.com

14. “
“The most dangerous poison is the feeling of
achievement. The antidote is to every evening
think what can be done better tomorrow.”
Ingvar Kamprad, Founder of IKEA

15. Pearl
○ Backup camera embedded in a license plate
cover
○ Raised $50 million in 1 round from 4
investors
The startup failed, due to overpricing. Most of
the people didn’t value it to be a $500 product
and were not attracted.
www.iqvis.com info@iqvis.com

16. Juicero
○ Juice machine maker
○ Raised $118.5 million in 4 rounds from 17
investors
The startup failed, due to two factors. The
upfront cost of the machine was too high.
Moreover, consumers had to bear additional
cost for refillable packets.
www.iqvis.com info@iqvis.com

17. “
“Nothing works better than just improving
your product.”
Joel Spolsky, Stack Overflow & Trello Co-founder

18. 100+
Startup Apps
Are You the Next?
IQVIS is trusted by Successful Startups like Dropbox,
CloudOn, Base, Kowa, and others.
10+ Years
Experience
300+
Projects
100+
Engineers

19. Phone: +1 415 787 0756
Email: info@iqvis.com