Couldn't find the market, scaled to fast without proper validation. After raising $125 million they closed their doors.
Robinhood successfully launched and more successfully failed with their last feature: Saving & Checking accounts. Apparently, they didn't do all their homework so the innovative solution they brought to market was not realistic. They have since backtracked, trying to save face, and have talked about launching the feature again at a future date.
Had too few managers from the fashion industry and too many from the technology.
Focused on vanity metrics instead of fundamentals like cash flow and working capital.
Became unable to service its debt, sold some assets, not enough to sufficiently cover obligations
Too much direct competition with a company that was great at what they did
Their specialized juice bags didn't need the $400 juicers. They could be hand squeezed thus making the juicers totally useless.
When we split the apps back at Foursquare into Foursquare City Guide and Swarm, we made a huge mistake in launching Swarm before Foursquare City Guide was ready based on the imagined schedule for its completion. Because of that we both wound up with half of a major redesign launched for 3 months before the other half caught up, but we also burned out a ton of employees by pushing them really hard over the summer to finish the City Guide half of things
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