Failed 2024
Hopin
Virtual events exploded during COVID but demand evaporated when in-person returned. $7.8B valuation to fire sale.
Founded → Closed
2019 → 2024
Funding Raised
$1.6B
Industry
Events/SaaS
Country
UK
IdeaProof AI Failure Score
72/100
Market Fit Risk
70
Burn Rate Risk
80
Founder Risk
30
Full Analysis
Hopin was a virtual events platform that became one of the fastest-growing startups ever during COVID-19, reaching a $7.8B valuation. When in-person events returned, demand cratered. The company sold its events platform to RingCentral in 2023 for a fraction of its valuation.
Could This Failure Have Been Prevented?
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