/r/shutdown
In which we discuss startups that have shutdown. A Memento Mori for entrepreneurs.
Post news about startups that have shutdown.
In the spirit of fuckedcompany, we do appreciate pun titles. But it's not required if you can't think of anything. However, we request that you include a short description of the product or service for those who may not be familiar with it.
Instructions: Post a link to the shutdown notice (original source is best, followed by TechCrunch, etc), and then copy it into a comment.
We ask that you do this because many of these sites will be taken offline and this helps preserve a record of the message.
Please use the [acquihire] flair to document sites that have been acquired and will subsequently shutdown.
Self-promotional posts will be removed at our discretion.
Subreddits to check out
Post Mortem / Shutdown Websites
/r/shutdown
4,815 Subscribers
EdTech Setback? BlueLearn shuts operations after raising $4million for their "community app"
Wrote a short analysis on BlueLearn - a community app where students could network and learn from each other. Never understood how they could monetise the app but I hope it was useful for some students.
I really liked what the company was working towards till the time they were a simple Discord Channel and had not gotten trapped in the "raising funds from VCs for everything" movement.
Even the founder mentions in his YouTube video that the business wasn't a VC scalable business.
Kudos to the founders for returning 70% of the capital to the investor though!
16:15 UTC
Mario Kart 7 Final Hours
13:33 UTC
Uber sobers up, shutting down Drizly
From Titan:
Uber announced that it’s shutting down Drizly, the alcohol-delivery service it acquired for $1.1 billion in 2021. Uber bought the company when lockdowns boosted alcohol-deliveries but sales haven’t kept pace with other business segments. According to reports, the company plans to continue its focus on allowing consumers to “get almost anything – from food to groceries to alcohol – on a single app”.
Drizly was always a bit of an odd match for Uber, in that it didn't hire or contract its own delivery workers. Instead, Drizly provided backend tech that let local liquor stores provide their own deliveries. In cities like New York, it was likely serviceable but having never fully integrated into Uber’s ecosystem, it makes sense that they’re refocusing costs into their (almost) everything app.
https://www.cnn.com/2024/01/15/business/uber-is-shutting-down-drizly/index.html
14:36 UTC
Ness heads back into the Loch
https://nesswell.com/
After a $15.5m seed round in May of 2022 - Ness seems to have run out of money.
Ness builds a credit card-first wedge into healthcare. It allows its user to earn rewards for healthy purchases and access exclusive perks to complement their lifestyle. It was established in 2021 and is based in New York, United States.
16:03 UTC
https://dotup.org will shut down at 2023/11/30 23:59(UTC+9)
dotup.org, a Japanese large uploader site that has been around for 17 years,it has announced that it will shut down on November 30
01:48 UTC
21:53 UTC
Haus' future is uncertain as its Funding falls through
14:37 UTC
Something is up with Modsy - I cant tell if this is a shutdown or just a shutdown or pivot
15:59 UTC