What Happened to Shyp? - Startup Forensics | Sidebean

What Happened to Shyp? - Startup Forensics► Start with the right foot! Let us design your pitch deck: https://slidebean.com/pitch-deck?utm_source=youtube.com&utm_medium=video&utm_campaign=video-content&utm_term=startupfunding ► Sign Up for Slidebean - 1 month FREE: https://slidebean.com/youtubeLet’s say you wanted to ship something to the other side of the country, and you didn’t want to look for a box big enough, or queue at the post office. None of that. You just wanted to have someone come and pick up your package, from the comfort of your home. Well, Shyp did just that. Their motto was genius: “we’ll take it from here”. It was easy: all you needed to do was take a picture of the item or items you wanted to be shipped, upload them through the app, and a person would come and pick it up. And the best part was the price: just $5! Business boomed in California. People even called it the Uber of deliveries. Then it expanded to New York and Chicago, where…it didn’t fair out so well. And in the span of just five years, Shyp “sank”. When we analyze it, we realize Shyp left us very valuable lessons.3:46 - Its early success. 5:48 - Was it too good to be true? 7:25 - Too little, too late 10:00 - The future of on-demand businesses#slidebean #startups #Shyp #startupforensicsDid you like this video?🔔 Hit those “subscribe” and ring bell buttons, and leave your comments: https://www.youtube.com/channel/UC4bq21IPPbpu0Qrsl7LW0sw?sub_confirmation=1 👾 Join our Discord server for weekly live interactions: https://slidebean.com/live 👕 Want Caya to wear your Startup T-Shirt in the next video? Send it to us: http://bit.ly/2MJRxAM📱 Follow us on social media!---- Slidebean: Facebook: https://www.facebook.com/slidebean Twitter: https://twitter.com/slidebean Instagram: https://www.instagram.com/slidebean Linkedin: http://www.linkedin.com/company/slidebean---- Follow Caya: https://twitter.com/cayahere and https://instagram.com/caya_here📰 Read the article: https://slidebean.com/blog/startups-startup-funding-explained-part-1?utm_source=youtube.com&utm_medium=content&utm_campaign=ba-content📹Recommended videos:When to incorporate a business in the U.S.? Https://www.youtube.com/watch?v=bAo8ZkJB1gM Founder Salary and Vesting: https://www.youtube.com/watch?v=afI25nIf9q0--About Us:Slidebean lets you design professional presentations in seconds using the world's first slide design platform powered by Artificial Intelligence. By separating the content creation from the slide design, Slidebean allows users to focus on what matters most while taking care of everything else automatically.We can help with your investor pitch deck through our design services. We've helped thousands of startups raise capital by either writing and designing the deck; or by redesigning an existing presentation for them. For more information: https://slidebean.com/pitch-deck?utm_source=youtube.com&utm_medium=video&utm_campaign=video-content&utm_term=startupfundingTurn on notifications for the podcast & rate it a 5-star for new episodes.Sidebean makes documentaries about startups, tech, and their impact on society. It is a venture-backed company that helps other startups navigate the complicated road to success. They love to cover stories around business, startups, and tech, trying both to teach and entertain.Subscribe to Sidebean on YouTube: https://www.youtube.com/@slidebean/Disclaimer: This podcast is an independently produced audio adaptation of content originally shared by Sidebean. It was created by a fan who appreciates Sidebean’s thoughtful storytelling and wanted to make these ideas more accessible for audio-focused listeners. This is not an official production of Sidebean, nor is it affiliated with or endorsed by the channel. --------------- Keywords: startup failures, openai, venture capital, ai ethics, tech trends Learn more about your ad choices. Visit megaphone.fm/adchoices