Sometimes, things don't go as planned.
Even though entrepreneurs and founders have a brilliant idea, passion, hustle, funding and customers, failure is always a possibility and a natural part of the startup ecosystem.
We all know the statistic: about 90% of all startups fail. According to data from SmallBizGenius, access to talent (63%) was the critical issue affecting most startups and the cause behind their failure in 2019. Only half of all startups will ever reach their fifth birthday, and only a third will survive for 10 years or more.
To set the stage for our upcoming Inno Autopsy feature later this week, where we hold an honest Q&A with a local founder about a failed idea or startup, we've compiled a list of the Georgia startups and tech companies that have closed in 2019.
This data was collected via Crunchbase. See a closed or shuttered business that's not on this list? Email mhogan@americaninno.com.
RE Solutions - The company specialized in integrating the sales process ecosystem for real estate - residential, commercial and property management.
- Founding Data: Jan 1, 2018
- Headquarters: Alpharetta
- Closure Date: 2019
- Total Funding: $1.5 million
SetMeUp - A crowdsourced/dating platform that connected friends-of-friends and offered discounts for dates. Recommendations for date activities were based on common interests, likes and checkins on social media.
- Founding Data: Jun 29, 2012
- Headquarters: Marietta
- Closure Date: 2019
- Total Funding: $500,000
NantiBodyFc - A former subsidy of California-based NantWorks, a biotech company that combines semiconductor technology, supercomputing and advanced networks to improve healthcare, commerce and digital entertainment.
- Founding Data: 2015
- Headquarters: Cumming
- Closure Date: 2019
- Total Funding: $242.4M
GoExcursion - An online marketplace for tours and activities for travelers.
- Founding Data: May 20, 2014
- Headquarters: Roswell
- Closure Date: 2019
- Total Funding: $5M
Snapstream - Using cloud technology, Snapstream was a social media filtering app that allowed users to filters emails, social media, news and stocks into three ticking lines.
- Founding Data: Nov. 11, 2013
- Headquarters: Marietta
- Closure Date: 2019
- Total Funding: $50,000
Pipefish - This startup created a recommendation engine for users to find and share reviews online based on a taste graph. Users were able to filter and sort through reviews based on their personal tastes.
- Founding Data: July 15, 2012
- Headquarters: Alpharetta
- Closure Date: 2019
- Total Funding: $400,000
PiperScout - This mobile solutions startup provided mobile accessories and managed mobility services to consumers and businesses.
- Founding Data: 2012
- Headquarters: Dunwoody
- Closure Date: 2019
- Total Funding: $250,000
i2 Telecom IP Holdings -The company was a Roswell-based mobile development company.
- Founding Data: 2009
- Headquarters: Roswell
- Closure Date: 2019
- Total Funding: $5.5M
