Top Startup Failures of 2020

How startup funding works.

9. Inboard Technology, Inc.

An electric skateboard startup, Inboard Technology is the creator of the M1™: The world’s first skateboard with motors inside the wheels.

8. Starsky Robotics

Starsky Robotics is a San Francisco-based autonomous trucking company.

7. Awok.

E-commerce company offering approximately 70,000 products across 30 plus categories. The vision has always been the preferred E-Commerce channel across all its locations, where customers are assured of an affordable, effortless, and seamless shopping experience.

6. Omni Projects, Inc.

Omni provides access to the things you need through its rentals platform. Omni is bringing rentals to communities by partnering with local businesses so everyone can have access to more items — from bikes and surfboards to camping equipment and air purifiers.

5. Honestbee

Honestbee provides on-demand, online concierge and delivery services from retailers in Southeast Asia. It owns and operates an e-grocery website for delivering groceries to the user’s place.

4. Atrium Legal, Inc.

Atrium builds products and services to help automate legal workflows, innovate new processes within law firms, and help firms identify and attract new clients.

3. Coho Data, Inc.

Coho Data is delivering true linear scale-out infrastructure solutions for the enterprise private cloud.

2. Vector Launch, Inc.

Vector Launch, Inc. (formerly Vector Space Systems) is an American space technology company aiming to launch suborbital and orbital payloads.

1. Essential Products, Inc.

Essential is a mobile, and home devices company focused on creating consumer technology products for the 21st century.

Photo by Emilio Garcia on Unsplash

The bottom line

We can notice that many of the top startup failures last year had a clear cause for not developing a well-fitted service or product for the market at a sustainable price. Arriving at the necessary conclusions for a startup before burning millions of dollars has been a real dilemma, especially for those backed by venture capitalists.

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