WTF moments in startupville: A thread.
Don't look at these if you're currently struggling to raise funds.
Known for: Convincing the world that all kinds of diagnostics can be read from one drop of blood.
Raised: $400 million +
WTF moment /4
Known for: Making a smart cabinet, filling it with startup feed (including LaCroix of course), and calling it “Bodega” of all things. It’s a vending machine.
Raised: $2.5 million
Status: Alive (as Stockwell)
WTF moment /7
Known for: Trying really hard to be seen as a tech and lifestyle company, but once you strip it down, it's an office leasing company that is scaling so fast, many fundamentals are being missed.
Raised: $12.8 billion 🤯
WTF moment /10
Fyre Media 🏝
Known for: Trying to organise a "luxury festival" on the Bahamas, with the goal of promoting an app of the same name. Take a washed up rapper, add some fraud, breach of contract and more...
Raised: $23 million
WTF moment /11
Known for: Creating a photo, video, sharing/discovery app. Classic overfunded startup, struggling to find its way. Add to that a captain (founder), who abandoned ship after organisational mismanagement.
Raised: $41 million
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