Flipidea releases data on 500 startups that have shut down.

Reasons, location, funding amounts, and more.

Alfred Lee

29 May, 2020

Flipidea releases data on 500 startups that have shut down. | BEAMSTART News

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There are many reasons why startups fail. 

Flipidea, a Bruneian startup (co-founded by a Malaysian) focused on compiling and analysing data of startup failures, has recently released data on over 500 companies that have closed down.

The infographic below lists down some of the key reasons why these companies have shuttered, together with their industries, funding, headcounts, and more:

Number of employees before the startups shut down.
Total funding amount raised.
Funding stage prior to shut down.
Top 20 industries of startups that shut down.
Top 20 locations where startups are from.
Reasons companies shut down.

According to co-founder and CEO of Flipidea, Paul Lee, he believes that many founders could learn from the mistakes of previous failures, allowing them to build more sustainable companies in the long run.

More data on startup failures can be viewed via Flipidea's official website.

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