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.
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.
The company had lost $81 million in the 2016 financial year with revenue of just $1.2 million
Placed all bets on an extensive collaboration which resulted in shutting down the company.
The business model didn't work when trying to scale
Had a better product experience however could not find get the community behind it
Despite initial success, the business did not scale sufficiently enough to be sustainable and in a challenging economic environment for this type of business it shut down
Had too high of a monthly burn rate. At one point they were spending close to $7m a month. Was completely unsustainablee
I always wish to build all-in-one product with tools I would love to have.
User said they love idea but use no single one features.
It 's time to review which is best one to focus.
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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