#Fail: Berg
Berg 2005–2014
The United Kingdom — London
Founder — Matt Webb
Raised $1,300,000
Berg offered cloud services for Internet of Things. They offered the “Little Printer,” a web-connected printer that creates mini personalized newspapers.
Main reason for failure
- Price: They pricing of their small printer, was more that what people was willing to pay ($259)
- Market-Fit: Berg couldn’t find a sustainable business in connected products
Nowadays
Matt Webb is the Managing Director of R/GA IoT Venture Studio UK (Invests and supports growth-stage startups via three-month acceleration program)
Source: Business Insider, Pando
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