What Happened to Shyp? - Startup Forensics

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Let’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 #startupforensics


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