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Skully
Based in
San Francisco, California, United States
Consumer Electronics, Information Technology, Automotive, Wearables, Augmented Reality, Public Safety
B2C
Skully was a brand of motorcycle helmet with a heads-up display and a rear-facing camera. The helmet's software was based on the Android platform, and can be controlled with voice commands. Users can see rearward through the heads-up display and the rear camera.The helmet also includes Bluetooth functionality, allowing music streaming from smartphones.
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Attended an Accelerator
Dates
Launch
27 February 2013
Closure
1 July 2016
Duration (months)
3 years, 4 months
Failure
Reason
According to multiple sources, Skully closed its doors in July/August 2016. Its founders were accused of spending company money on luxury cars, vacations and strippers. Failing to get acquired from LeSports, Skully ran out of funds and ultimately shut down.
Submitted Failure Story
Failure categories
Scandalous
Ran Out Of Cash
Founders and team
Investment
Number of investors
13
Investors
Andrew Gault, Cesar Lee, Eastlink Capital, Eclipse, Formation 8, Greg Castle, Indiegogo, Intel Capital, Rising Tide, Techstars, Walden Riverwood Ventures, Western Technology Investment
Accelerator program
Techstars 2016 cohort
Acquisition status
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Acquisition date
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Employee count
11-50
Founders
Ivan Contreras, Marcus Weller, Mitch Weller, Rafael Contreras
Founders Twitter
Funding
Total funding
$14,950,000
Number of funding rounds
4
Funding round(s) amount(s)
Seed - $1,500,000, Series A - $11,000,000, Rewards Based Crowdfunding - $2,450,000
Last funding
$14,950,000
Last funding date
27 February 2015
Last funding type
Series A
Funding Status
Early Stage Venture
Online
Website
Public synopsis
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