eSnips
The business, the turning points, and the decisions behind them.
Some sections are still being researched1 / 4
Sections to complete：05
01 / WHAT IT BUILT
What the company did
eSnips was an Israeli startup that ran a content-centric social network for digital media. Users uploaded photos, videos, and documents, tagged them, and shared them inside interest-based communities called MicroPortals, which also let members sell digital content. The free service bundled cloud storage (1 GB at launch, later 5 GB) with social features such as comments, ratings, and embeddable music widgets for independent artists.
02 / eSnips FAILURE REASONS
Failure factors
The planned funding round collapsed after the founding CEO left. Copyright pressure, reduced traffic and disrupted product work added to the strain, leaving the company seeking a distressed sale.
03 / EVENT HISTORY
Events in the structured record
- Acquisition
eSnips was sold to Logia Group for approximately $750,000 in late 2008 after it could not obtain further funding.
04 / CONTEMPORARY REBUILD ASSESSMENT
Difficulty of rebuilding this project today
Material for this section is being gathered and checked. It will appear here once ready.
Overall assessment: Not completed
05 / CAUSAL CHAIN / AFTERMATH
Material for this section is being gathered and checked. It will appear here once ready.