Glio
The business, the turning points, and the decisions behind them.
01 / WHAT IT BUILT
What the company did
Glio was a local listings and reviews startup pitched as the Yelp of Brazil and Latin America, backed by Y Combinator (Summer 2013). Co-founded by Roberto Riccio, it offered crowd-sourced listings for restaurants and venues, initially in Rio de Janeiro and Sao Paulo, and grew to more than 100,000 monthly users by Demo Day, with plans to expand into other Brazilian cities and Latin American markets.
02 / Glio FAILURE REASONS
Failure factors
co-founder João de Paula LinkedIn post: after 7 years at Glio he was completely burned out and shut the company down even though it was profitable, then started Origin the following September without a break. LatamList podcast notes he and partner decided to close after the 7-year odyssey.
Co-founder stated he was completely burned out after 7 years and was done despite profitability.
Founders chose to shut Glio rather than continue or sell as a going concern (per founder post and LatamList).
03 / EVENT HISTORY
Events in the structured record
- Operations ended
Co-founder João de Paula LinkedIn: 'March: Shut down Glio' after 7 years; LatamList episode confirms João and partner decided to close the company after the 7-year odyssey (exact calendar year not stated in opened post).
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
How the factors connect
- 01
No public record documents a formal wind-down, asset sale or bankruptcy filing for Glio.
- 02
The company's public footprint ends after its Y Combinator Summer 2013 batch; company databases list it as a seed-stage startup with about $20,000 raised.
- 03
The record's 2016 shutdown date is retained from the existing dataset, but no independent source confirming the closure was found.