Evaluating only Wattage’s profile at its peak — without knowing the outcome — the model ranked Acquisition gone wrong as the #1 likely cause. Documented cause: No market fit.
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Documented cause
Primary failure cause: No Market Need. Outcome: Shut Down. Raised: $200K. 90% of startups fail. Learn how to not to with our weekly guides and stories. Join 40,000+ founders.
90% of startups fail. Learn how to not to with our weekly guides and stories. Join 40,000+ founders.
Wattage was an online platform with an ambitious goal: break the entry barrier for hardware design. The ideal future Wattage envisioned was that of a world in which anyone could customize their electronics without needing to have any in-depth knowledge in the field. Anyone with an internet connection could start creating and customizing hardware by making use of the startup software. Once the user had all the specifications ready the product would be created with 3D printing, packed and shipped to the customer.
Wattage founder Jeremy Bell shared in a Medium post some of the reason he thinks the startup failed.