The failed big investment tech starts up of 2020

[editor]

I've only heard of one of them, but the amounts of money slopping around is astonishing. Here's an example:

PicoBrew (2010-2020)

Total Raised: $15.1 million

Image Credits: PicoBrew


The company made beer-brewing machines that used coffee pod-style PicoPaks, then expanded into other categories like coffee and tea, but never quite attracted enough customers to make the business viable. It sold its assets earlier this year to PB Funding Group — a group of lenders recruited by then-CEO Bill Mitchell in 2018 to keep it afloat.

It’s possible that PicoBrew will live on in some form, as PB Funding Group says it’s seeking buyers for the company’s patents and other intellectual property, and that it will keep the website running in the short term so that the machines don’t stop working.

Remembering the startups we lost in 2020 | TechCrunch

Even in a non-hell year, running a successful startup is a tremendous lift. After the events of 2020, however, no doubt many already lean businesses are

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[cybershot]

Yes, but wasn't Tesla a bit of a failure when it started up also!

 

[8ball]

Beer brewing using tiny packs you put in a machine does sound rather barmy.

Then again, so did the iPod...

 

[gentlegreen]

It might have solved the problem I have with home brewing in that my gouty metabolism can barely cope with two bottles a week ...

 

[AverageJoe]

Any company called Hipmonk deserves to fail

 

[SpookyFrank]

Beer brewing using tiny packs you put in a machine does sound rather barmy.

Then again, so did the iPod...

An mp3 player that doesn't play mp3s still seems like a shit idea to me.

 

[planetgeli]

Point of order. Thread title says "starts up" when it blatantly should say "upstarts".

 

[8ball]

An mp3 player that doesn't play mp3s still seems like a shit idea to me.

And that's why neither of us made a fuckload of cash buying Apple shares when they were worth pennies...

 

[nick]

Looks like pipt may yet lurch into 2021.

Still no idea what exactly it does despite googling it on the back of the fact they seem to have spent all their seed capital on wallpapering London Underground.

For those who don't want to lose 2 minutes of their life looking it up: it is
"A highly curated popular culture platform, providing quality entertainment by showcasing outstanding talent and content. Removing the negatives of social media whilst using high tech artificial intelligence and intuitive design to revolutionise the way people consume and purchase digitally."

 

[muscovyduck]

"A highly curated popular culture platform, providing quality entertainment by showcasing outstanding talent and content. Removing the negatives of social media whilst using high tech artificial intelligence and intuitive design to revolutionise the way people consume and purchase digitally."

Yikes

 

[Petcha]

Yes, but wasn't Tesla a bit of a failure when it started up also!

Well they've still never turned a profit as far as I know. But then neither has Uber.

 

[Sunray]

An mp3 player that doesn't play mp3s still seems like a shit idea to me.

??

I owned one of the 1st iPods and it played mp3's just fine.

 

[xenon]

I heard about that brewing thing last year well 2019. On the bad voltage podcast. They didn’t think it was a goer if I recall.

 

[xenon]

The worst thingabout the iPod was the need to use that unholy, horrendous piece of shit, iTunes.