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Path
Based in
San Francisco, California, United States
Mobile, Photo Sharing, Messaging
B2C
Social network
Acquired
-
Dates
Launch
1 November 2010
Closure
16 September 2018
Duration (months)
7 years, 10 months
Failure
Reason
Competing with the Facebooks, Twitters and Instagrams of the world is no easy task, however. In 2015, Path was sold to South Korean Internet company Kakao for an undisclosed sum. Kakao wasn’t able to do much with the acquisition and, well, here we are.
Submitted Failure Story
Failure categories
Competition
Founders and team
Investment
Number of investors
40
Investors
First round capital, Insight Venture Partners, Redpoint, Greylock Partners, Bakrie Global Group, Kleiner Perkins, Index Ventures, Shasta Ventures, Greylock Partners, Allen & Company, CrunchFund, Digital Garage, Tom Conrad, Mark Pincus, Dave Holmes, Don Dodge, Marc Benioff, Karl Jacob, Paul Buchheit, Gary Vaynerchuk, Josh Spear, Michael Parekh, Ashton Kutcher, Keith Rabois, Matt Cohler, Fadi Ghandour, Founders Fund, Sam Lessin, Claudio Chiuchiarelli, Steve Anderson, Bill Raduchel, Ruchi Sanghvi, Kevin Rose, Maurice Werdegar, Joi Ito, SV Angel, Betaworks, Tim Draper, Dustin Moskovitz, Chris Kelly, John Couch
Accelerator program
-
Acquisition status
Acquired by Kakao for undisclosed amount
Acquisition date
29 May 2015
Employee count
51-100
Founders
Dave Morin, Dustin Mierau, Shawn Fanning
Founders Twitter
Funding
Total funding
$66,150,000
Number of funding rounds
5
Funding round(s) amount(s)
-
Last funding
$66,150,000
Last funding date
10 January 2014
Last funding type
Series C
Funding Status
M&A
Online
Website
Public synopsis
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