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Consumer AppsUSAClosed 2018

Total Raised

$65M

Peak Valuation

$500M

Employees

Year Collapsed

2018

Business model

Private, intimate social network limited to a small number of close friends and family.

In brief

Positioned as a beautifully designed, more intimate alternative to Facebook, deliberately limiting how many "friends" a user could have to keep the network meaningful. Despite critical acclaim and a loyal following, it never reached the scale of mainstream social networks, was hi…

See the What Happened tab for the full account.

Key facts

Founded
2010
Closed
2018
Headquarters
San Francisco, USA
Industry
Consumer Apps
Employees
Revenue
Undisclosed

Related failures

Often compared with: Instagram, BeReal.