Founded in 2012, Dinner Lab was an innovative startup that raised over $10 million in funding, gained over 150,000 members, and had a presence in almost 30 cities.[1] Despite this tremendous growth and demonstrated consumer interest, the company abruptly shut down in 2016. So, what happened?
failed business model
Quirky: A Failed Attempt at Crowdsourcing Inventions
Quirky was a brilliant idea. Why not crowd-source product ideas. Vote on the best ones. And only bring the ones people want to life. Seems foolproof right? Maybe not so much…
The rise and demise of Groupon: the importance of satisfying both sides of a two-sided network
80% of Groupon’s market value evaporates after it fails to satisfy one side of the two-sided network on which its business model relies