I agree with feedjoelpie. One criticism I have here is that there is a lack of comprehensive data analytics from their actual portfolios before they cut the chord, and that it relies on self reported data from the founders, which is bound to be bias to some degree. Some of these failed that are exact clones of companies that were the exact same idea but implemented more quickly and ended up and still are very successful, and in those particular ideas, the autopsy of the failed companies never seems to want to admit their idea was just not that original, or not implemented as well.
Examples that stand out to me just from knowing really successful competitors of the same idea:
Bombfell
Manilla
Dnnr
bloom.fm
solorix
Overall, I value their feedback (and I am glad to see it compiled as opposed to every failed company posting on here as if they have some diamond in the ruff wisdom on why they failed) but I would prefer some more data based trends.
Overall interesting idea to start pulling more calibrated analytics from. I was also thinking someone should do the same thing for lessons learned from how VCs and Angel Investors screw over companies.
It's actually going to take some time for me to find something on this list that doesn't reek of knocking off popularized trending app ideas.
I happened to see 99 Dresses on this list, whom I saw on Shark Tank somehow (the one time I watched the show). I'm a girl and for me personally I don't really give about the idea of weddings and think its nonsense, and think it's a waste of money, but I thought it was a pretty cool idea that basically you could rent a wedding dress, and that sounded unique to me and a good niche of rent the runway, though I doubt I'll ever invest in a wedding dress myself in any capacity. Point is weddings are a billion dollar a yr industry and wedding dresses are sometimes the most expensive part aside from venue and catering. As culture becomes less traditional, it's less likely women will view their dresses as a long term investment their posterity will wear.
Additionally, I think I know of plenty of girls who would rather rent a designer wedding dress they could never afford outright (especially if their posterity is not going to wear it as culture is these days) than settle for something they like alot less because that is all they could afford to buy, that will sit in a closet. Additionally, now that we have facebook and social media, girls do not need to buy the dress (despite posterity) so it can collect dust in their closet for the sake of nostalgia. Now we have social media to document not only the dress but how the woman looked in the dress. Therefore, providing the capability to rent one of the most expensive clothing items the average woman will ever invest in, seemed like a pretty solid idea, and at least there was something a little unique about it. However, I have no idea how well she implemented the idea nor did I follow the company after the pitch.
Other than that one company, I didn't see anything I have not heard of realistically, atleast 5 times before.
Examples that stand out to me just from knowing really successful competitors of the same idea:
Bombfell Manilla Dnnr bloom.fm solorix
Overall, I value their feedback (and I am glad to see it compiled as opposed to every failed company posting on here as if they have some diamond in the ruff wisdom on why they failed) but I would prefer some more data based trends.
Overall interesting idea to start pulling more calibrated analytics from. I was also thinking someone should do the same thing for lessons learned from how VCs and Angel Investors screw over companies.
It's actually going to take some time for me to find something on this list that doesn't reek of knocking off popularized trending app ideas.
I happened to see 99 Dresses on this list, whom I saw on Shark Tank somehow (the one time I watched the show). I'm a girl and for me personally I don't really give about the idea of weddings and think its nonsense, and think it's a waste of money, but I thought it was a pretty cool idea that basically you could rent a wedding dress, and that sounded unique to me and a good niche of rent the runway, though I doubt I'll ever invest in a wedding dress myself in any capacity. Point is weddings are a billion dollar a yr industry and wedding dresses are sometimes the most expensive part aside from venue and catering. As culture becomes less traditional, it's less likely women will view their dresses as a long term investment their posterity will wear.
Additionally, I think I know of plenty of girls who would rather rent a designer wedding dress they could never afford outright (especially if their posterity is not going to wear it as culture is these days) than settle for something they like alot less because that is all they could afford to buy, that will sit in a closet. Additionally, now that we have facebook and social media, girls do not need to buy the dress (despite posterity) so it can collect dust in their closet for the sake of nostalgia. Now we have social media to document not only the dress but how the woman looked in the dress. Therefore, providing the capability to rent one of the most expensive clothing items the average woman will ever invest in, seemed like a pretty solid idea, and at least there was something a little unique about it. However, I have no idea how well she implemented the idea nor did I follow the company after the pitch.
Other than that one company, I didn't see anything I have not heard of realistically, atleast 5 times before.