MoveLoot raised $22m & shut down 3 years later. Here's the story w/co-founder Shruti Shah

Update: 2020-11-17

Description

MoveLoot was an online market place to buy and sell used furniture. They were part of YCombinator's winter 2014 batch. MoveLoot experienced a lot of growth and expanded to multiple cities including NY and LA. They raised multiple rounds of funding summing up to $22m, but ultimately the company had to shut down. Perry dives deep to learn what happened from co-founder Shruti Shah and draw out lessons learned.

Comments

In Channel

Will investors invest in a founder who has had a failed startup? w/Nathan Lustig of Magma Partners

2021-02-1635:44

The importance of building your company for customers and not investors w/Praful Mathur

2021-02-0352:48

Getting back to the workforce after shutting down a company w/Ayush Kumar of Vitrix Health

2021-01-2644:14

Shutting down one company and getting an acquisition offer the next day w/Peer Richelsen

2021-01-2001:02:53

Why Glio, the first Latin American company in YC shut down with João De Paula

2021-01-1258:48

Shutting down a growing business at it's peak with Gaurav Maken of Mylk Guys

2021-01-0545:28

The story of YCombinator's GoScale (Heroku for pHp) and why it failed, with Co-founder Colin Hayhurst

2020-12-2946:38

Being okay with the fact that your startup idea might be a bad idea and the importance of a good network

2020-12-1551:19

Having a great idea and $1million and still needing to shut down. Discussing founder market fit w/Pranshu of Prayas

2020-12-0840:00

Learning from multiple failed ideas before building a multimillion dollar business with John Coogan of Soylent

2020-12-0148:19

Fake traction and the fear of failing with Kristen Fang, co-founder of StrattyX (TechCrunch Disrupt & YCombinator)

2020-11-2447:52

MoveLoot raised $22m & shut down 3 years later. Here's the story w/co-founder Shruti Shah

2020-11-1748:46

The story of YCombinator's Dropleaf (Netflix for video games) and why it failed, with Co-founder Vikram Rangraj (CAO @ Rize presently)

2020-11-1154:19

Launch Episode

2020-10-2905:40

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MoveLoot raised $22m & shut down 3 years later. Here's the story w/co-founder Shruti Shah

#box-pro-ellipsis-176441887493337{-webkit-line-clamp:2;}MoveLoot raised $22m & shut down 3 years later. Here's the story w/co-founder Shruti Shah

MoveLoot raised $22m & shut down 3 years later. Here's the story w/co-founder Shruti Shah

Perry Ogwuche

MoveLoot raised $22m & shut down 3 years later. Here's the story w/co-founder Shruti Shah