Silicon Valley's Silicon Valley 5 startup called for a hundred million dollars but fell in 2017

in #money7 years ago

Everyone knows, Silicon Valley is a start-up paradise. Many companies with a favorable start, have continued to grow dizzy and are called unicorn startup. However, the destiny of the business is not really in its inception ...

As evidenced by the fact that in 2017 only halfway through, Silicon Valley has witnessed the demise of many startups, including the very early startups.

Beepi - 150 million USD
Peak value: $ 560 million

Starting with $ 150 million, the value of the Beepi used car sales site has reached a peak of more than half a billion dollars. Although Fair.com and the old car center DGDG consider the acquisition, but in the end Beepi "died" in February because of the capital.

Quixey - 133 million
Peak value: $ 600 million

Quixey, the search engine, made the decision to fire off his entire staff in June. After CEO Tomer Kagan took office in March of the same year, the company was no longer able to sustain its revenue stream. To continue to exist.

Yik Yak, 73 million
Peak value: $ 400 million

Yik Yak, an identity-privacy social networking app, was forced to close on April 28 due to a harassment at a college in the United States. Yik Yak's last team of technicians was bought by Square for $ 3 million before closing.

Sprig, 58 million
Peak value: 110 million

The value of the on-demand catering company in San Francisco has once surpassed $ 100 million but was closed down in May. Launched in 2013, Sprig has become a household name for meals. Noon at the local office, but the business model proved less sustainable compared to competitors because of the high price.

Jawbone, $ 1 billion
Peak value: $ 3 billion

Jawbone is a pioneer in the wristbands industry. In 1997, the $ 1 billion capital helped Jawbone begin as "dreamlike" in a very new industry.

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