In recent articles I have openly spoke about the best way to start a new business. Also, I have discussed in length why I believe businesses fail. If you have gone through the pain of a failed business, don't feel alone. Move on and start your next venture and never give up. To make you feel a little better I've decided to give you a list of failed companies for an interesting read. If you want to add any to the list, leave a comment.
Select VC investors: Andreessen Horowitz, Index Ventures, Two Sigma Ventures
Total disclosed funding: $205M
It is with a heavy heart to inform you that Anki has ceased product development and we are no longer manufacturing robots. To our partners and customers, thank you for all your support and joining us on this journey to bring robotics and AI out of research labs and into your homes.Via Anki
Select VC investors: CMB International Capital, Shenzhen Capital Group, Vision Plus Capital
Total disclosed funding: $128M
In an announcement published on WeChat in late January, Tong and Heng announced they had fired Zhou, accusing him of receiving kickbacks during fundraising, deliberately hiding codes, and putting false data into a government regulatory report.Via Synced Review
Company: Panda TV
Select VC investors: Bright Stone, HanFor Holdings, Woken Asset Management
Total disclosed funding: $194M
Panda TV announced that the company was in a potential bankruptcy, posting an image of its panda mascot facing a sunset, alongside the word “Bye.” The reasons behind this bankruptcy have not yet been officially published.