SAN FRANCISCO: Several investors are speculating if further trouble looms for high-profile internet startups. That’s leading them to look extra hard at companies with on-demand, logistics-heavy businesses that cater to consumers rather than businesses.
Below are some of the internet companies that have failed drastically in recent years.
2015: Offsite-office assistants business Zirtual announces shut down;
Online shopping site Fab sold at a deep discount;
Social network Path sold at a deep discount;
Cleaning service Homejoy shuts down;
Upscale grocery business Good Eggs closes in all cities but San Francisco.
2014: Internet-TV business Aereo announces bankruptcy.
2012: Photo-sharing service Color sells at a deep discount Social news website Digg sells at a deep discount.
2011: Daily deals site BuyWithMe sells at a deep discount.
If the success rate for high profile internet startups like these goes on dropping in this manner, the results is going to be fatal for aspiring starts-ups.