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Shyp
Based in
San Francisco, California, United States
Shipping, Delivery, Logistics, Shipping and fulfilment
B2C
Provides shipping services that ranges from picking-up the package to delivering it to the destination.
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Dates
Launch
1 July 2013
Closure
27 March 2018
Duration (months)
4 years, 8 months
Failure
Reason
Wrong target audience. B2B market would've been more scalable and higher demand
Submitted Failure Story
Failure categories
No market need
Founders and team
Investment
Number of investors
34
Investors
Kleiner Perkins, Slow Ventures, Sherpa Capital, Naval Ravikant,Aslanoba Capital, XG Ventures, Winklevoss capital, Homebrew, Lee Linden, Joshua Schachter, Scott Belsky, ZenStone Venture Capital, Designer Fund, Timothy Ferriss, Dan Rose, Kevin Rose, David Spector, Draft Ventures, Fresh VC, Pascal Levy-Garboua, David Marcus, Brian McClendon, Machine Shop Ventures, Jennifer Hyman, Hunter Walk, Jason Johnson, Daymond John, Osama Bedier, Aaron Batalion, Kamal Ravikant, Cam Drummond, Antonio Gracias, Shri Ganeshram, Kintan Brahmbhatt
Accelerator program
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Acquisition status
-
Acquisition date
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Employee count
11-50
Founders
Jack Smith, Joshua Scott, Kevin Gibbon
Founders Twitter
Funding
Total funding
$62,100,000
Number of funding rounds
3
Funding round(s) amount(s)
Last funding
$62,100,000
Last funding date
21 April 2015
Last funding type
Series B
Funding Status
Early Stage Venture
Online
Website
Public synopsis
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