13 Valuable Lessons From Failed Startups


There are a ton of startups trying to make it, and a lot of them just don’t make the cut. In fact, 80% of new businesses fail within the first five years, according to a study by Inc. and the National Business Incubator Association.Whether it’s poor budgeting, lack of excitement, or bad management, startups fail all the time.

But a lot of the founders of these failed startups have really interesting advice to give after going through the challenges of making a startup work. We’ve rounded up some of the best lessons you can takeaway from failed startup founders.

4Chan founder Chris Poole shut down his artist community startups DrawQuest and Canvas earlier this year.

Source: Tumblr

Blurtt cofounder Jeanette Cajide couldn't save the startup from failure.

Source: TechCrunch

Pumodo CEO/cofounder Thorsteinn H. Fridriksson shut down his app last month.

Source: Tumblr

Admazely's founder/CEO Peter Schlegel killed his startup last October.

Source: Tumblr

Greg Linden had to kill his startup Findory five years ago.

Source: Blogspot

Findit CEO Levi Belnap and his team did not have success with their mobile search startup.

Source: getfindit.com

Outbox Cofounder Evan Baehr ended the mail service five months ago.

Source: outboxmail.com

Thomas Pun killed his startup Delight after learning that customers weren't that interested in raw data.

Source: Medium

VC Gary Swart couldn't make his Dropbox-like startup Intellibank work.

Source: LinkedIn

Brianne Garcia decided to close Parceld down after running out of money for the style startup.

Source: skillcrush.com

Brett Martin just couldn't get the traction he needed for his social network app Sonar.

Source: Medium

Robert Tregaskes couldn't make Foursquare-like Shnergle work in the UK.

Source: Shnergle.com

Nikki Durkin shut down her fashion startup 99dresses a couple weeks ago.

Source: Medium

Looking for more startup advice?

17 Startup Founders Give Advice On How To Become Insanely Successful»

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