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Every entrepreneur has made mistakes and these experiences have forged them into who they are. There’s really no better teacher than failure!
For startups, a single mistake can make or break a company. That is why founders have to be very careful with every change they apply to their product. There are countless examples of startups mistakes that have caused them to fail, and there’s a lot we can learn from them.
In this article, I have compiled four known cases of startups that failed.
Related Article: Startup mistakes that almost put Slidebean out of business
Fab.com
“Past performance does not guarantee or predict future results.
Fab started growing rapidly with a “flash sales” business model, so much that it became valued at more than USD $1Billion! However, the hype didn’t last long due to a number of bad decisions and changes in the business model of the company. As a result, in March 2015 the startup was sold to the design and manufacturing company PCH, for under $50 Million Dollars (a fraction of what it was originally worth!).
What caused this growing company to collapse in a span of three years?
