10 Best Performing Startups That Tasted Decline In 2014


BANGALORE: The year 2014 has been a great year for startups. There have been ups and downs to the story about whether these startups succeeded or not but it sure is a start when it comes to bringing ideas to reality. With the numerous startups that have sprung out from around the world not all of them had a good year. Some startups that were doing great previously saw their lights snubbed out this year. These companies made an impact for a short time and there were hopes of them making it big but along the way legal issues and low traction just did the away. So, here is a list of them compiled by Business Insider.

Aereo:

How would it be if you could access TV programs from anywhere? Well imagine watching your favorite TV show on the go from a TV channel. This is exactly what Aereo is all about. The company sold small portable transmitters that link to laptops, computers and smartphones. So, successful at the start that it had more than 80,000 subscribers.  However, the company’s business was deemed illegal and thus saw the decline.

Hailo:

This UK Based taxi service company provides services across the globe with influence in over 20 cities. The operation that they are carrying out in America is going to be shut as per company reports because of heavy competition from other cab services like Uber. The managerial posts were changed and the company will be focusing their services in thriving cities in Asia especially in Japan.

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