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You should check HomeJoy. They were a cleaning company (they subcontracted cleaners) that went through YC, had a huge growth and raised about $40M, but went on
by S4M 11y ago
You should check HomeJoy. They were a cleaning company (they subcontracted cleaners) that went through YC, had a huge growth and raised about $40M, but went on to fail. Look for them in HN search, it has been discussed a lot.
- brianwawok 11y agoBut is it really more than Molly maid + an app? It never struck me as groundbreaking.
- debacle 11y agoIsn't that one of the underlying themes of the last few years? There has been too much money, so sometimes weaker ideas with good teams get funding.
- brianwawok 11y agoExactly :) But that is why I wouldn't put it on the list of a "Most promising startup that failed". To me a promising startup that failed would be someone who invented a nanobot to go scrub cancer from your body that ended up killing people and going bankrupt. Someone that tried really hard for a really cool idea that failed.. not an app for house cleaning.
- debacle 11y agoI guess you're right.