The first $2 million, a $3 million, or $4 million in seed money is a great opportunity for any startup.
It’s an indication of how much money a startup can generate if it has enough funding to hire and train the right team.
And that’s exactly what happened to Peko, a company that was founded by two guys in Seoul, South Korea.
In January, Pekos startup, PeepePee, lost $5 million in a $2.5 million seed round led by Sequoia Capital.
The company’s founders, Lee Hoon Jeong and Seok Hyun Kang, are the same duo that created the world’s first chat app in 2013.
After Peepes IPO, Pecs cofounder and cofounder, Lee, decided to get a second shot at a startup after spending so much time at Google and Facebook.
But instead of trying to make Pecks success happen, Lee was looking for ways to build the company that could compete with Google, which is owned by Alphabet.
“I wanted to go back to school and get more experience and learn how to think like a startup,” Lee told Business Insider in January.
Pecbs first two investors, Sequoias founders and the Korean government, have since pledged to help PeePePee raise another $3.5 billion.
But PeePee is just one of many startups that have been hit by a lack of funding, a lack in seed funding, and a lack or inability to hire the right talent.
Here are 10 startup that have had trouble getting funding, failed to hire enough people, or simply didn’t have the resources to succeed.
Yayoo, a startup that was spun out of an early stage fund in 2017, is raising $5.6 million from Sequoian Capital.
Biztak, a Japanese startup that built a platform for self-driving cars, is also raising money from Sequos.
Sticky, an online marketplace for food delivery, is seeking $7.2 million in the next round of funding.
Zephyr, a team of entrepreneurs that makes wearable products and software for medical imaging and robotics, is asking for $12 million.
Jazzy, an international cloud platform for data analysis, is now raising $6.3 million.
Eclair, an open source cloud analytics platform, is still trying to raise its first round of seed funding.
Makerspace, a platform that provides software to help people create and share creative works, is currently raising $1.5 and counting.
Aeon, a group of engineers working on wearable tech, is looking for $3 billion in funding.
Pekopedia, a website that allows anyone to create or share photos and videos, has raised $1 billion in seed round from Sequodate Capital.
Moo, an app that helps people learn Mandarin Chinese, raised $4.8 million in September 2017.
9 startups to watch: In the next few months, we will be taking a closer look at 10 startups that are looking to raise money in 2017.
If you’re a startup looking to get money from investors, or are thinking of launching your own startup, these are some of the startups that you should watch.
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