// startup autopsy
iSites
Sites unseen, startup unseated
marketfitSilent Shutdown
Quiet closure with no public announcement · Fatal mistake: Failed to carve out a defensible niche in a crowded SaaS market with insufficient capital to compete on features or price.
Key Events Timeline
FOUNDING
iSites founded to provide SaaS-based website and portal solutions to businesses.
FUNDING
Raised $1M to expand product development and customer acquisition efforts.
PRODUCT LAUNCH
Launched updated platform features but struggled to gain meaningful market share against larger competitors.
SHUTDOWN
iSites quietly shut down after exhausting its funding without achieving sustainable growth or follow-on investment.