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Gumroad
Based in
San Francisco, California, United States
Content, Creative Agency, E-Commerce
B2C
Owns and operates an online service through which users can buy and sell digital goods such as design templates and source codes.
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Dates
Launch
1 January 2011
Closure
1 January 2019
Duration (months)
8 years
Failure
Reason
It took years for me to realize my pursuit of growth was misguided from the start
Submitted Failure Story
Failure categories
Poor product
Founders and team
Investment
Number of investors
10
Investors
Accel, Kleiner Perkins, SV Angel, First Round Capital, CrunchFund, Lowercase Capital, Max Levchin, Raymond Tonsing, Chris Sacca, Seth Goldstein
Accelerator program
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Acquisition status
-
Acquisition date
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Funding
Total funding
$8,100,000
Number of funding rounds
2
Funding round(s) amount(s)
Seed - $1,100,000, Series A - $7,000,000
Last funding
$8,100,000
Last funding date
8 February 2012
Last funding type
Series A
Funding Status
Series A
Online
Website
Public synopsis
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