Girişimci Kafası archive

Team problems

Team problems: 14 startups that closed for this reason, with their stories and lessons.

Startups1,744
Known capital burned$78.6 billion
Average lifespan10.4 years
Most common causeRan out of cash
Countries81
Biggest lossNorthvolt ($14 billion)
Former unicorns97 ($401.4 billion)

14 startups

In bankruptcy2022 – 2026

Movement Labs

The company that set out to bring Move to Ethereum entered small-business bankruptcy in 2026

UnicornUnited StatesTeam problems
Closed2014 – 2024

Synapse

Banking-as-a-service infrastructure that sat between fintech companies and banks

United States$51 millionTeam problems
Closed? – 2023

Multichain

A crypto bridge moving billions stopped in 2023 because one man held the keys

UnicornSingapore$60 millionTeam problems
Closed2015 – 2022

Zilingo

A marketplace and B2B platform digitising fashion sellers and the supply chain in Asia

Singapore$308 millionTeam problems
Closed2016 – 2019

Bilemezsin

The Turkish app that turned the news of the day into a fun points-based prediction game

TurkeyTeam problems
Closed2014 – 2018

Radar Radio

The online radio station that was a stage for London's underground music until allegations of harassment and e

United KingdomTeam problems
Closed2010 – 2018

Yogome

The start-up that claimed millions of users for its educational games, then closed amid allegations of miscond

Mexico$36.5 millionTeam problems
Closed2007 – 2016

Powa Technologies

The London company behind PowaTag, which promised one-tap shopping from adverts

UnicornUnited Kingdom$200 millionTeam problems
Closed2012 – 2015

Giggem

The LinkedIn-style social network connecting musicians with the music industry

TurkeyTeam problems
Closed2013 – 2014

Tablet Seminerler

A short-course platform that sold expert seminars online and delivered them in person

TurkeyTeam problems
Closed2010 – 2013

BenVarım

Turkey's first home-grown crowd-giving platform, helping NGOs raise donations through social media

TurkeyTeam problems
Closed2009 – 2013

Salorix

The social media analytics start-up whose founder and investors could not agree on an offer from Google

United States$3.5 millionTeam problems
Closed2005 – 2012

Pabbuc.com

A shoe and bag shop remembered as Turkey's first online shoe retailer

TurkeyTeam problems
Closed1997 – 2002

ArsDigita

How a profitable web software company collapsed after taking venture capital

United States$38 millionTeam problems

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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.