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Most Platforms Can’t Scale, Will Fail

PYMNTS

Well, it is “an innovative new payment platform created to transform the payments industry by drastically altering the economics through Internet-based technology, generating significant consumer benefits.” Except, of course, it didn’t – and it is now in the crowded graveyard of payments innovations that sounded too good to be true.

Bitcoin 100
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Kreditech Taps mBank Veteran Michal Panowicz To Lead on Products, Technology

Fintech Labs Insights

A multiple Best of Show winner at Finovate conferences, partnering with companies like Accenture ( FF13 ), Efigence ( FE13 ), and i3D ( FE15 ), mBank had earned wide acclaim for its financial innovation. His long tenure in finance and technology includes stints at Alior Bank, Microsoft, eBay, and The Boston Consulting Group.

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Here Are 35 Casualties Of The Retail Apocalypse And Why They Failed

CB Insights

Summary: Facing legacy supply issues from 2006, Good Times Convenience Stores, once a major player for gas stops and convenience stores, declared Chapter 11 protection in November 2015. Back in 2006, Dallas-based Alon USA Energy Inc. Date: November 2015. Category/Product(s): Gas & Convenience. american apparel. city sports.

Retail 78
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12 Industries Experts Say Millennials Are Killing — And Why They’re Wrong

CB Insights

In the 1950s and 1960s, the biggest innovations in breakfast were Eggo Waffles and Pop-Tarts. Between 2006 and 2015, off-price retail sales went from $18B to $35B — a jump of 94%. Thanks to innovative new rental models, ownership is no longer essential. This trend presents a lot of opportunity for innovation.

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The Curious Case For Breaking Up Tech Giants

PYMNTS

In the last few months alone, we’ve seen snow in Rome and three powerful nor’easters in Boston in the space of two and a half weeks — with some forecasts predicting a fourth this week. And not even because they’re job destroyers, which he said is the natural consequence of innovation, and innovation is goodness. They all died.

Google 148
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242 Startup Failure Post-Mortems

CB Insights

But overpriced, over-hyped hardware products weren’t the only “innovations” we said goodbye to: we also recently witnessed the deaths of startups working in mobile AR, e-commerce, digital media, and more. Title: Boston startup Besomebody, once featured on ‘Shark Tank,’ shuts down app. Product: Besomebody.

Company 78