March 14, 2025
Home » Failed Startups

Failed Startups


Unbanking the unbanked: Celsius founder Alex Mashinsky withdrew $10 million before the company filed for bankruptcy
Nickie Louise October 3, 2022

Airlift, Pakistan’s second-largest startup, shuts down as global downturn claims another tech casualty
Nickie Louise July 13, 2022

EV-truck tech startup Electric Last Mile files for bankruptcy; plans to liquidate
Daniel Levi June 13, 2022


CNN+, a streaming-only platform launched by CNN, is shutting down just a month after launch and $500 million flushed down the drain
Daniel Levi April 22, 2022

The fraud trial for the disgraced Elizabeth Holmes, founder of blood-testing startup Theranos, begins today. Here’s everything you need to know
Daniel Levi August 31, 2021

These founders burned $140,000,000 of investors’ money. Here are the lessons they learned and what NOT to do in a startup
Daniel Levi August 20, 2021


Gig economy app Takl shuts down after burning through over $37 million in investors’ money
Nickie Louise February 13, 2021

Disgraced Theranos founder and CEO Elizabeth Holmes to blame ‘mental illness’ in her trial defense for defrauding investors out of more than $700 million
Nickie Louise September 12, 2020

BREAKING: President Trump says he plans to ban TikTok from the U.S.
Nickie Louise July 31, 2020


Danny Boice, CEO and founder of Virginia-based tech startup Trustify, charged with fraud and money laundering
Nickie Louise July 25, 2020

Quibi failed after raising $1.8 billion for its short video streaming service for millennials
Nickie Louise July 11, 2020

Eleven James, a subscription watch startup that shut down after burning through $40 million, is auctioning off its domain at GoDaddy auction for less than $3K
Nickie Louise February 20, 2020


Founders of clean energy startup DC Solar Solutions plead guilty to running a $1 billion Ponzi scheme
Nickie Louise January 25, 2020

Investors are running for cover after WeWork’s botched IPO
Nickie Louise January 13, 2020

One Earth Designs, maker of SolSource solar cooker, shuts down after raising $500,000 from Mark Cuban
Nickie Louise January 12, 2020


Remembering failed startups of 2019
Nickie Louise December 27, 2019

MoviePass shuts down after burning through $68.7 million of investors’ money
Nickie Louise September 20, 2019

Top startup news for today, Tuesday, February 5, 2019
Nickie Louise February 5, 2019


Mobile social network startup Path is shutting down after burning through $66.2 million
Nickie Louise September 21, 2018

Top tech startup news stories you need to know this Friday, September 21
Nickie Louise September 21, 2018