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Failed Startups by Country — 15 Ecosystems Analyzed
1052+ documented failures across 15 countries. $878.7B+ in destroyed capital. Local patterns, founder lessons and FAQs for every major startup ecosystem.
- 15countries
- 1052+failures
- $878.7B+lost
A few of the names whose post-mortems power this atlas.
FastlyTop 10 failures by capital destroyed
USD millions raised before shutdown — across the global IdeaProof corpus.
North America
United States
Silicon Valley, NYC, Austin & Miami — the largest startup graveyard on earth. WeWork, Theranos, Quibi, FTX and 170+ post-mortems.
Canada
Hopper, Drop, Wealthsimple-era pullbacks and the Toronto-Waterloo cooling.
Europe
Germany
Wirecard, Gorillas and the Berlin scale-up correction.
United Kingdom
London fintech, Boo.com and the Silicon Roundabout collapses that shaped European startup history.
Italy
Mosaicoon, Velasca, Supermercato24 — the lessons of the Italian ecosystem.
France
Station F unicorns, French Tech failures and post-2022 fundraising freeze.
Europe (Pan-EU)
Cross-border European failures: fragmented markets, regulation and capital gaps.
Asia
China
Bike-sharing wars, Luckin Coffee fraud and the post-tech-crackdown shake-out.
India
Byju's, Snapdeal, BharatPe — 25+ unicorn collapses from the world's 3rd largest ecosystem.
Singapore & SEA
Honestbee, Zilingo and the Southeast Asian super-app implosions.
Indonesia
Tanihub, Fabelio and the Jakarta unicorn correction.
Middle East
Latin America
Why country-specific failure analysis matters
Failure patterns are radically local. Each ecosystem dies of its own disease — and studying yours is 10× more actionable than reading another global top-10 list.
Unit economics
$2 ARPU markets don't survive blitzscaled CAC. Byju's, Snapdeal, BharatPe.
Premature scaling
Cheap capital masks bad PMF. WeWork, FTX, Quibi spent themselves to zero.
Fragmented expansion
27 markets, 27 regulations. Cross-border scale-ups stall before economics work.
Funding cliffs
Rate shocks and super-app burn collapse models built for zero-rate growth.
"The cheapest education in the world is studying who tried what you're about to try — and lost millions doing it."
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