World's Top 5 failed Startup ever
Top 5 failed Start-up 1. Wesabe What it was: A web-based personal money management tool. Funding: $4.7 million Active Dates: December 2005 – July 2010 What happened: Competing personal money management tool Mint launched in September 2007 at the TechCrunch 40 conference with a better design and easier user experience. Two years later, Mint was acquired by Intuit for for $170 million. What the experts say: According to Wesabe cofounder Marc Hedlund, Mint decided to use screen-scraping financial data aggregation service Yodlee while Wesabe decided to built its own financial data tool. It took too long for Wesabe to build it, and as a result Mint has a better, easier to use service. ...