Failure Intelligence Report

2,715 documented startup failures.
What they can and cannot tell a founder.

A third-party archive of documented startup failures, compiled from six public source lists. It is a working record for framing commercial tests. It is not proof of what causes failure or of what successful companies do.

Read the method and limits first
Method and limits

How the archive was built, and what it cannot show.

What the archive is

A third-party compilation of 2,715 documented startup failures, one row per company, drawn from six public source lists: Loot Drop, a Kaggle dataset of CB Insights records, CB Insights, and three Failory cemetery lists. GTM Right did not collect these records through original fieldwork, and no customer work is added to it.

How records were selected and de-duplicated

A company is included because one of those lists documented it as shut down or discontinued. The lists were reconciled into a single row per company; no company name appears twice in the current file. This is not a random or representative sample of startups: it can over-represent companies that were well known or well funded enough to be written about, and the Failory Google and Amazon lists include discontinued products and acquired companies associated with those two firms, not only independent startups.

Which version this page describes

The current archive file (2,715 records, last revised 20 July 2026, after the June 2026 Failure Intelligence report). Three records are marked Reclassified because later research found they were not go-to-market failures; they are kept so the published count is unchanged.

Unknown and Multiple values

Fields are shown as the sources recorded them and are not guessed. Where a source gives no cause, country, sector or closure year, the record stays Unknown for that field. Where a source records multiple reasons, the record is not split or reassigned to one of them.

No survivor group

The archive contains only companies that failed. There is no matched group of companies that survived, so it cannot show what successful companies do differently, and a count of records in a sector is not a failure rate.

What it cannot show about causes

A cause of death is what a source reported, not a verified or tested cause. The patterns in the archive are directional, not causal, and nothing here shows that GTM Right would have prevented any failure.

Legacy stage labels are not used

The archive also carries a stage label assigned under an earlier version of GTM Right's stage order. Those legacy assignments are not used on this page to count, rank, cost or otherwise quantify today's six-stage framework.

What the archive contains

Figures you can reproduce from the archive.

Every figure below is counted directly from the current archive file and shows its denominator. None uses the archive's legacy stage labels.

2,715
documented startup failures
Rows in the current archive file, one per company (2,715 distinct company names), from 6 public source lists.
2,178
of 2,715 records have a closure year
2,035 of those 2,178 fall between 2008 and 2024; 27 are earlier and 116 later.
741
of 2,715 records have no recorded cause
Shown as Unknown. A further 16 record multiple reasons and 3 are marked Reclassified.
54%
of records list the United States
1,475 of 2,715 records; 573 have no country recorded.

Records by source list

SourceRecords
Loot Drop1,675
Kaggle/CB Insights510
CB Insights442
Failory Cemetery30
Failory Google Cemetery29
Failory Amazon Cemetery29
Total2,715

Largest named sectors

SectorRecords of 2,715
Technology & Software644
Consumer & Retail461
Communication & Social447
Fintech & Finance179
Health & Biotech162
Industrials & Hardware138

22 named sector categories; 445 records have no sector recorded. These are counts of records in the archive, not failure rates: the archive has no surviving companies to compare against.

The full archive is publicly browsable at /data, filterable by sector, funding band, country, year and recorded cause.

Six founder-test lenses

Hypotheses to test, one per stage.

These six lenses are GTM Right's editorial hypotheses for founders to test, one per current stage. They were not statistically derived from the 2,715 records, and they do not explain, predict or prevent any failure in the archive.

Stage 1: True Validation
The Painless Product
Editorial hypothesis

The problem may not be urgent, widespread or painful enough for buyers to act on.

Question to test: Is the pain urgent, widespread and actively complained about?

Stage 2: Buyer Precision
The Invisible Buyer
Editorial hypothesis

The people who feel the problem may not be the people with the budget and authority to buy.

Question to test: Can you name the first reachable buyer specifically enough to find them this week?

Stage 3: Buyer + Offer
The Feature Without a Job
Editorial hypothesis

The offer may not replace anything the buyer does today, or be hired for a clear job.

Question to test: What does this product replace, and who would hire it to do that?

Stage 4: Revenue Funnel
The Broken Funnel
Editorial hypothesis

The path from stranger to paying customer may not hold once acquisition cost and conversion are real.

Question to test: Can one customer become profitable without relying on future scale?

Stage 5: Market + Funnel
The Crowded Lane
Editorial hypothesis

Incumbents and the real competitive set may leave no entry point you can defend.

Question to test: Which competitor's underserved segment is a wedge you can hold?

Stage 6: Commercial Decision
The Regulatory Blindspot
Editorial hypothesis

A legal, regulatory or trust requirement may block launch or adoption.

Question to test: Could one legal, regulatory or trust issue block launch or adoption?

How to use this research

Turn a lens into a test.

  1. 1
    Choose an assumption

    Pick the lens closest to the assumption your plan most depends on and that you have not yet tested.

  2. 2
    Form a falsifiable test

    Write down, before you start, what result would show the assumption is wrong.

  3. 3
    Gather evidence

    Collect what buyers and the market actually do, not what they say they might do.

  4. 4
    Decide what remains uncertain

    Record what the evidence supports, what it does not, and the next test that would reduce the uncertainty.

For how GTM Right decides what counts as evidence in each stage, read the methodology.

Citation

How to cite this research

GTM Right (2026). GTM Right Failure Archive: 2,715 documented startup failures compiled from 6 public source lists. Version of 20 July 2026. https://www.gtmright.com/research

Cite the version date with any figure: the archive file is revised, and a count taken from one version will not match another. The records were compiled from published third-party lists, so cite those lists for the underlying records, and do not describe a count of records as a failure rate.

Related reading

  • The commercial failure patterns

    The recurring commercial patterns behind failures like these, each with its mechanism and the signal that shows it is present.

  • Interest is not demand

    How to tell a buying signal from a polite one when you are reading your own evidence.

  • Browse the archive

    The full record set, filterable by sector, funding band, country, year and recorded cause.

  • The methodology

    How GTM Right decides what counts as evidence in each stage.

Test the first assumption with public evidence.

True Validation tests public market evidence only: whether the problem is real, visible and urgent. It does not prove buyer budget, willingness to pay, offer fit, acquisition economics or full commercial viability.

Run the free Stage 1 check