Girişimci Kafası archive

Lost to competitors

Lost to competitors: 32 startups that closed for this reason, with their stories and lessons.

Startups1,686
Known capital burned$31.2 billion
Average lifespan10.3 years
Most common causeBusiness model failed
Countries81
Biggest lossArgo AI ($3.6 billion)

32 startups

Closed2004 – 2024

instela (İTÜ Sözlük)

A collaborative dictionary born as İTÜ Sözlük that turned into a social community called instela

TurkeyLost to competitors
Closed2019 – 2023

Neeva

A search engine founded by a former Google executive that promised search without ads or tracking

United States$77.5 millionLost to competitors
Closed2017 – 2022

Gönder

A grocery platform that brought neighbourhood shopkeepers' goods to the door through online ordering and deliv

TurkeyLost to competitors
Closed2013 – 2022

TutumluAnne

The Turkish marketplace where mothers bought and sold second-hand children's and women's items

TurkeyLost to competitors
Closed2017 – 2022

Yaani

Turkcell's mobile-first search engine, launched with the promise of keeping data in Turkey

TurkeyLost to competitors
Closed2005 – 2020

Blogcu.com

Turkey's first free blogging service, which helped hundreds of thousands of people start a blog

TurkeyLost to competitors
Closed2015 – 2020

Essential Products

The hardware start-up from Android co-founder Andy Rubin that only ever shipped one phone

United States$300 millionLost to competitors
Closed2018 – 2020

Glovo Türkiye

The Turkish arm of the Spanish app that brought everything from meals to groceries to the door by courier

TurkeyLost to competitors
Closed2012 – 2020

Hemen Kiralık

The Turkish rental site connecting hosts with people renting flats by the night or the day

Turkey$3.5 millionLost to competitors
Closed2011 – 2018

Airware

The start-up building a drone operating system and data platform for enterprises

United States$118 millionLost to competitors
Closed2014 – 2018

Pondr

The Turkish social app that let you put two photos side by side and ask your followers to choose

Turkey$1 millionLost to competitors
Closed2017 – 2018

Setmoda

The fashion site that suggested outfits to match the shopper's mood and sold them as sets

TurkeyLost to competitorsCorporate product
Closed? – 2017

Fotokritik

The Turkish-language photography community where photographers shared their work and critiqued each other

TurkeyLost to competitors
Closed2014 – 2017

Nuvo

Yapı Kredi's branchless, fee-free digital banking brand for young people

TurkeyLost to competitorsCorporate product
Closed2014 – 2016

BolBol

The food-ordering platform from the founder of Çiçeksepeti that charged restaurants no commission

TurkeyLost to competitors
Closed2008 – 2016

Fuhu

The hardware start-up whose Nabi tablets for children made it America's fastest-growing company

United StatesLost to competitors
Closed2002 – 2015

Friendster

One of the first big social networks, reaching millions before MySpace and Facebook

United States$45 millionLost to competitors
Closed2009 – 2015

Limango Türkiye

The Turkish private shopping site of Limango, part of Germany's Otto Group

TurkeyLost to competitors
Closed2010 – 2015

QBotix

The solar tracking system that turned panels with robots running on rails, and never found its footing

United States$24.5 millionLost to competitors
Closed2010 – 2015

Rdio

The music streaming service known for its social features that spread to 85 countries

United StatesLost to competitors
Closed2011 – 2015

Sidecar

One of the first-generation ride-sharing apps connecting drivers with passengers

United StatesLost to competitors
Closed2010 – 2014

Argyle Social

A Durham-based software start-up offering social media management for marketers

United States$1.6 millionLost to competitors
Closed2013 – 2014

Metrekare.com

A mobile-first, next-generation property listings site with neighbourhood-level price analysis

TurkeyLost to competitors
Closed2002 – 2014

OpTier

The transaction monitoring software that fell behind its market despite raising over $100 million

United States$100 millionLost to competitors
Closed2012 – 2013

Gamoba

A vertical e-commerce site selling PC and console games, gaming accessories and electronics

TurkeyLost to competitors
Closed2008 – 2012

Monster Türkiye

The Turkish job listings and CV platform of the global careers site Monster

TurkeyLost to competitors
Closed2006 – 2012

Sosyomat

A home-grown, tag-based Turkish social network founded before Facebook caught on in Turkey

TurkeyLost to competitorsCorporate product
Closed2005 – 2011

Solyndra

An energy start-up backed by a federal loan guarantee that made cylindrical thin-film solar panels

United States$198 millionLost to competitors
Closed2005 – 2010

Wesabe

The personal finance site that analysed users' financial data and offered savings tips

United States$4.7 millionLost to competitors
Closed2007 – 2009

TeeBeeDee

The social network built for the over-40s that closed within two years in Facebook's shadow

United StatesLost to competitors
Closed2005 – 2006

Kiko

The online calendar that launched just before Google Calendar and ended up sold on eBay

United StatesLost to competitors
Closed1990 – 2001

Be Inc.

The former Apple executive's company behind the BeOS operating system and the BeBox computer

United StatesLost to competitors

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This section is compiled from public sources (Wikidata, news archives and company announcements). Figures are given as they appear in those sources; unknown fields are left blank. If you spot a mistake in an entry, you can send us a correction.