Failed 2023

    Zulily

    Flash sales e-commerce was a 2010s trend that Amazon and social commerce killed. Qurate lost $2.4B on the acquisition.

    Founded → Closed

    2009 → 2023

    Funding Raised

    $600M

    Industry

    E-commerce

    Country

    USA

    IdeaProof AI Failure Score

    55/100
    Market Fit RiskBurn Rate RiskFounder Risk
    Market Fit Risk
    45
    Burn Rate Risk
    60
    Founder Risk
    20

    Full Analysis

    Zulily was a flash-sale site for moms, offering daily deals on baby, kids, and home products. The company IPO'd in 2013 and was acquired by Qurate Retail for $2.4B in 2015. But the flash-sale model faded as Amazon offered lower prices with faster delivery. Social commerce (Instagram, TikTok) captured the discovery shopping experience. Qurate shut down Zulily in December 2023, writing off the entire investment.

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