Category: Legal
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Pillow
What did Pillow do? Pillow Crypto was a Singapore-based cryptocurrency investment startup that allowed customers to invest in Bitcoin, stablecoins, and altcoins. It promised returns of up to 18%, but this figure dropped to 14% as the market cooled. Pillow aimed to make cryptocurrency usage understandable and simple for retail users. It simplified cryptocurrency investments […]
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FTX
What did FTX do? FTX was a cryptocurrency exchange and trading platform that was founded in 2017 by Sam Bankman-Fried and Gary Wang. FTX stood for “Futures Exchange” and initially focused on providing futures and derivatives trading for cryptocurrencies. FTX gained popularity due to its wide range of trading products, including leveraged tokens, options, and […]
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IRL Social
WHAT DID IRL DO? IRL Social App was a popular social messaging platform that aimed to enhance users’ social lives. Founded in 2019 and headquartered in San Francisco, California, IRL provided a comprehensive suite of features accessible across all devices. Users could connect with their friends, join interest-based groups, and engage in chats and events. […]
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Munchery
Munchery was a meal delivery service founded in 2010 by Tri Tran and Conrad Chu. It ceased operations in 2019 due to expensive business model, competition, and negative publicity about food safety.
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Munchee
What did Munchee do? Munchee promised to be a trusted review app and website for restaurants and bars. By requiring reviewers to include a geo-tagged photo with reviews, Munchee would offer a high degree of confidence its reviews are legitimate. As one blogpost detailing Munchee’s downfall wrote, “The experience emphasized what Munchee claimed was truly […]
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HubHaus
What did HubHaus do? HubHaus is a co-living company that offers a unique and affordable way for young professionals to live in shared spaces. HubHaus aims to address the growing housing affordability crisis in major cities by providing a community-focused living experience. Hubhaus’ innovative approach to co-living and its mission to address the housing affordability […]
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Theranos
What did Theranos do? Theranos was a health technology startup with the aim of revolutionizing blood testing. Theranos promised to provide accurate and fast blood tests using only a few drops of blood from a finger prick, rather than a traditional venous blood draw. At its peak in 2013 and 2014, Theranos had raised more […]
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Grooveshark
What did Grooveshark do? Grooveshark was an online music streaming service that gained popularity in the late 2000s and early 2010s. Grooveshark offered a vast library of music tracks that users could stream for free. Grooveshark operated under a model where users could upload their own music files to the platform. This approach allowed for […]
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Benja
What did Benja do? Benja Commerce Network launched as a Tinder-meets-shopping mobile app in 2014 and evolved into the first shoppable media advertising network. Benja enabled in-advertisement shopping with its interactive online display ad format. Benja also owned and operated several direct-to-consumer businesses and media publishers. The company raised between $2 and $3 million from […]