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2 case studies found
Zapstream
by Devan SoodZapstream was a social live streaming platform founded in Q1 2015 that grew to 100k users by leveraging influencer marketing, particularly through a network of 30 smaller Vine and Instagram influencers. The startup raised $1M from angels but failed to secure additional funding due to an overly ambitious Series A valuation, and ultimately shut down after spending the entire $1M+ without generating any revenue due to intense competition from Meerkat, Periscope (Twitter), and Facebook Live.
Syria Airlift Project
by Mark D. JacobsenMark D. Jacobsen founded the Syria Airlift Project, a nonprofit moonshot effort to deliver humanitarian aid using drone swarms to break starvation sieges in Syria. Despite achieving significant technical milestones—including reliable autonomous 100km round-trip drone flights and professional demonstrations—the project ultimately failed in December 2015 due to lack of a viable business model, reliance on volunteer labor, and inability to navigate the complex political and logistical challenges of the Syrian conflict.