FAILDEX失樂園
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Springpad

The business, the turning points, and the decisions behind them.

Founded2008
Event year2014
FundingUS$7.3M
Cash burnedUS$7.5M

01 / WHAT IT BUILT

What the company did

Springpad was a Boston-area note-taking and information-capturing service founded in 2008 by Jeff Janer and team. It let users capture notes, tasks, and lists from a website or smartphone app into a personal database called 'My Stuff', automatically categorizing saved items by type - recipes, movies, products, restaurants, wine - and enriching them with relevant news, links, and deals. Offered free to members, it positioned itself as a more visual alternative to Evernote and counted over 400,000 active users, with Fast Company reporting more than 5 million users in total. It shut down on June 25, 2014.

02 / Springpad FAILURE REASONS

Failure reasons

Springpad never figured out how to make money. The service was free, and while the team considered monetization routes - paid organizer notebooks with Peter Walsh, affiliate conversions from purchase-oriented clipping, micro-transactions - it never rolled out a premium or freemium offering. Instead it went down the ad-supported path, which required far more scale than it could ever achieve, and after six years of battling Evernote it could not attract a rival user base even after a Pinterest-inspired redesign. Unable to secure additional funding or scale to a self-sustaining business, it shut down.

03 / EVENT HISTORY

Events in the structured record

  1. Service launched

    Springpad launched as a free information-capturing service, ahead of the mobile app economy and years before Pinterest did similar things.

  2. Redesign

    The service underwent a Pinterest-inspired redesign in a bid to attract users, but could not build a base to rival Evernote.

  3. Shutdown announced and completed

    On May 23, 2014 Springpad announced it would cease operations on June 25, 2014, citing failure to secure additional funding or become self-sustaining; users could export data or migrate to Evernote. A portion of the team joined Google.

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.

Rebuild difficultyPending assessmentNot completed
Scoring basisNot completed
ScalabilityPending assessmentNot completed
Scoring basisNot completed

Overall assessment: Not completed

05 / CAUSAL CHAIN

How the factors connect

  1. 01

    On May 23, 2014 Springpad announced it would cease operations; the site and apps went offline on June 25, 2014.

  2. 02

    Users were given an export tool (JSON, read-only HTML) and automatic migration to Evernote; all user data on Springpad's servers was deleted after the shutdown date.

  3. 03

    A portion of the team joined Google; no acquisition, debt, or creditor claims were publicly disclosed.