WeWork perhaps.
FTX?
Ask HN: What is the most expensive startup failure?
21–25 of 25 posts
Re: Ask HN: What is the most expensive startup failure?
#22Maybe not the most expensive, but one of the silliest - AllAdvantage https://money.cnn.com/magazines/fortune/fortune_archive/2000...
Yeah, that one was doomed from the start. Hacks to hide the popup and automate pretend-browsing came out almost immediately. As a teenager with a lot of free time on his hands, AllAdvantage was a great way to make a few bucks while doing what I already was all day.
Oh I made a (relative) killing with it too. I was running it 24/7 on multiple computers with bots to simulate activity. The fact that they didn’t realize that no human being can be awake 24/7 baffles me.
Re: Ask HN: What is the most expensive startup failure?
#23What was that recent celeb-laden attempt to make a Netflix for short form and vertical entertainment?
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Re: Ask HN: What is the most expensive startup failure?
#24Star Citizen is a video game that had a crowd-funding campaign in 2012, ten years ago, and has since raised over $500 million from its player base and another ~$150 million from private groups.
It's still in alpha.
Most of the player base have resigned to calling the game vaporware.
https://en.wikipedia.org/wiki/Star_Citizen#Delays_and_extend...
Re: Ask HN: What is the most expensive startup failure?
#25Juicero is the commonly mentioned one. https://en.wikipedia.org/wiki/Juicero
I watched a tear down of one of their machines, actually some decent engineering work, but a hairbrained product in the first place.