#Fail:Totsy

Totsy 2009–2013
New York — USA
Founders — Christophe Garnier and Guillaume Gauthereau
Raised US$ 23,5 Million

Totsy website

Totsy was an e-commerce platform that sold prenatal care products from top brands with up to 90% off compared to retail for moms, babies, and children.

Main Reasons for Failure

-Customers: High customer dissatisfaction, as you can see some of the comments on from their Yelp page.

-Market: The flash sale market decreased by around 70% between 2008 and 2014

Nowadays

Christophe Garnier is a Board Member at Parentify Inc., (A professional marketplace for the family vertical) and he is the Founder & CEO of Spark Labs (An enterprise solution for remote workers and business travelers)

Guillaume Gauthereau is the Founder of Sequoia Lab ( A consulting company for early stage, VC founded and medium & large corporations) and the Founder of Gauthereau Group (Strategic consulting

Sources: Pando

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