What was that recent celeb-laden attempt to make a Netflix for short form and vertical entertainment?
Quibi [1]
Ask HN: What is the most expensive startup failure?
11–20 of 25 posts
Re: Ask HN: What is the most expensive startup failure?
#12Probably not the most expensive but certainly one of the most prominently featured failure in the early days of the internet.
Govworks.com by that sleezy dude Kaleil Isaza Tuzman.
Re: Ask HN: What is the most expensive startup failure?
#13What was that recent celeb-laden attempt to make a Netflix for short form and vertical entertainment?
Quibi [1] [1] https://en.wikipedia.org/wiki/Quibi
”The service raised $1.75 billion from investors. It launched in April 2020, but shut down in December 2020 after falling short of its subscriber projections.”
Re: Ask HN: What is the most expensive startup failure?
#14Magic Leap ($3.5B funding) for a second-rate Hololens competitor. They're not dead yet, but the CEO is a pedigreed butcher from Microsoft.
Re: Ask HN: What is the most expensive startup failure?
#15Theranos comes to mind. Reaching back a bit more - Webvan, Pets.com, MySpace.
was myspace a failure? it lasted years and tom was able to retire for life
Re: Ask HN: What is the most expensive startup failure?
#16Not a startup, but Facebook has dumped billions into "the metaverse" and it's a stunning failure.
Re: Ask HN: What is the most expensive startup failure?
#17Here's a recent site listing 200+ startup failures with approximate funding amounts.
https://www.cbinsights.com/research/biggest-startup-failures...
Re: Ask HN: What is the most expensive startup failure?
#18Theranos comes to mind. Reaching back a bit more - Webvan, Pets.com, MySpace.
I don't see MySpace as a failure. It had its time and place and remained relevant for surprisingly long time after Facebook took their crown with MySpace Music.
Re: Ask HN: What is the most expensive startup failure?
#19Maybe 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.
I wouldn't consider it a failure, I earned a couple meals running that and resource editing aim to have Internet Explorer in the window title; I might have edited mirc as well, but I quit IRC during that time period. Didn't have to fake anything else.
Re: Ask HN: What is the most expensive startup failure?
#20facebook