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ExploreVR

An online service specializing in connecting Virtual Reality (VR) Businesses with potential customers.

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Web Application, VR, Virtualization,

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Reasons for Shutdown

Lack of Experience

The founder did not have the experience in building a startup.

The founder did not have any prior experience in startup and lacked in skills that were needed to build a startup.
Lacked in understanding the market research and not knowing anything about the market positioning was enough reason for the startup to fail.
The founder was not aware on how to market its product to consumers and made a mistake once providing marketing to an existing product.

No Market Validation

Did not validate if the product was needed.

Without having the skills on researching the market, the founder focused more on building the product and thinking that the potential client wanted to use it.
It turned out that no one was interested in the product.

Direct Competitors and Similar Companies

Note: Direct competitors are defined by similarity score of more than 40%, while similar companies are defined by similarity score of less than 40%

No.	Name	Similarity score	Description	Industry	Categories	Location	Ownership status	Entity type	Stage of development	Transactional model type	Defensibility moats	Last financing round	Total raised	Post-money valuation	Last financing date	No. of funding round(s)	No. of investors	Investors	Total revenue	Market capitalization	No. of investments	No. of acquisitions	No. of board seats taken	Competition	Management	No. of employees	Company reputation	Contact info	Operational status	Operational duration	Shutdown date	Founded date	Legal name	Former legal name(s)	Ticker
1.	Hashtag Pirate	20.6%	A unique Instagram plugin that allowed users to search for pictures with multiple hashtags.	Internet	Social Media, Web Applications, Photography	United Arab Emirates	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	Inactive	-	-	2015	-	-	-
2.	Saaspire	19.6%	Offered SaaS-based relevancy platform that enabled its users to develop web applications.	Internet	Advertising, Content, SaaS, Web Applications	United States	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1-10	-	-	Inactive	-	-	2010	-	-	-
3.	Belazee	18.1%	A conversational commerce company that got you anything so long as it’s legal.	Internet	Delivery, E-Commerce, Virtualization	Singapore	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	10-50	-	-	Inactive	-	-	2015	-	-	-
4.	Chicisimo	17.4%	A virtual closet app.	Internet	Virtualization, Fashion, Applications, Mobile Applications, Lifestyle, E-Commerce, Big Data	Spain	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1-10	-	-	Inactive	-	-	2010	-	-	-
5.	Youtube Leanback	17.0%	An optimized version of YouTube used for television web browsers and webview application wrappers.	Internet	Video Streaming, Video, Web Applications	United States	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	Inactive	-	-	2010	-	-	-
6.	Vreal	15.1%	Gaming unlocked; watch immersive content from top creators wherever you want while inside the game.	Internet	Gaming, VR, Entertainment	United States	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	10-50	-	-	Inactive	-	-	2015	-	-	-
7.	Social.fm	12.5%	A free social networking service for music fans ran by Mercora.	Internet	Social Music, Mobile Applications, Web Applications	United States	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	10-50	-	-	Inactive	-	-	2003	-	-	-
8.	COGXIO	10.5%	An AI based online social dating & offline meeting platform to connect real people and make happy lives.	Internet	Messaging, Social Network, Social Media, Web Applications, Communities, Social Dating	India	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	10-50	-	-	Inactive	-	-	2014	-	-	-
9.	Ever App	10.4%	A cloud photo storage app created by Paravision.	Internet	Photo Sharing, Web Applications, Software	United States	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	10-50	-	-	Inactive	-	-	2013	-	-	-
10.	Addressbin	10.1%	An easy way to collect email addresses	Internet	Web Applications, Technology, Consumer Services	Canada	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	Inactive	-	-	2013	-	-	-
11.	DropWall	9.9%	A student sharing network.	Internet	Public Relations, Software, Websites, Web Applications, Social Network, Social	Germany	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1-10	-	-	Inactive	-	-	2011	-	-	-
12.	Pinspire	9.4%	A virtual pinboard that enabled users to organize and share visual web content.	Internet	Web, Content, Pinboard, Virtualization	Singapore	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	Inactive	-	-	2012	-	-	-
13.	This	8.4%	The share-one-link-per-day platform.	Internet	Journalists, Web Applications, Entertainment	United States	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1-10	-	-	Inactive	-	-	2014	-	-	-
14.	Appsurfer	7.4%	An app which allowed users to instantly access any app from the Android world without the need to download or install it.	Internet	Advertising, Mobile, Virtualization	India	-	-	-	-	-	Seed	-	-	-	-	-	-	-	-	-	-	-	-	-	1-10	-	-	Inactive	-	-	2011	-	-	-
15.	HeyKuya	7.0%	A text-based personal concierge service.	Internet	Virtualization, Service Industry, Consumer Services	Philippines	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	10-50	-	-	Inactive	-	-	2015	-	-	-
16.	Convrge	5.0%	An online virtual reality platform that allowed multiple users to connect and interact with each other.	Internet	Gaming, Software, VR	United States	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	Inactive	-	-	2015	-	-	-

Investors

No.	Image	Name	Investor type	Description	Location	Preferred investment stage(s)	Stages invested in	Assets under management (AUM)	Investment range	Investment sweet spot	Preferred investment focus	Preferred investment geography	No. of investments	No. of lead investments	No. of follow-on investments	No. of co-investments	Portfolio companies	No. of exits	Total exit value	No. of failed investments	Loss on investments	No. of acquisitions	No. of board seats taken	No. of funds	Limited partners	Co-investors	No. of partners	Partners	No. of employees	Management	Board members	Founders	Investor reputation	Contact info	Entity type	Legal name	Former legal name(s)	Founded date	Ticker
-		-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-

Leadership

No.	Image	Name	Previous designation	Previous company	Previous biography	Previous profile type	Previous location	Experience	Education	Reputation	Current company	Current designation	Current biography	Current profile type	Current location	No. of investments	No. of exits	Total exit value	No. of board seats taken	Contact info
1.		Andrey Norin	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-

Funding

No.	Financing date	Financing round	Total amount raised	Post-money valuation	Financial viability	Fundraising target amount	Remaining target amount	Financing type	No. of investors	Board seats	Lead investors	Entity type	Financing status
-	-	-	-	-	-	-	-	-	-	-	-	-	-

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