// startup autopsy

JackPot Rewards

A rewards platform that couldn't cash in before the chips ran out.

timingSlow Death

Years-long decline before final shutdown · Fatal mistake: Launched an enterprise loyalty SaaS platform at the onset of the 2008 financial crisis, making enterprise sales nearly impossible during budget freezes.

Founded	2008
Closed	2010
Country	Us
Sector	Saas

50%

Key Events Timeline

2008-01-01

FOUNDING

JackPot Rewards founded in the USA to build a loyalty and rewards SaaS platform for enterprise clients.

2008-09-01

FUNDING

Raises $16.7M in its only funding round, months before the global financial crisis peaks.

2009-06-01

PRODUCT LAUNCH

Platform launches but enterprise sales stall as companies freeze discretionary software budgets amid recession.

2010-06-01

SHUTDOWN

JackPot Rewards shuts down after exhausting its single funding round with insufficient revenue to sustain operations.

Full Analysis

Analyst plan

Documented cause

JackPot Rewards was a loyalty and rewards SaaS platform that faced insurmountable headwinds due to poor timing and insufficient capital. Launched during the 2008 financial crisis, the startup encountered a mark...

et environment where enterprises aggressively cut discretionary software spending. The company secured only a single funding round with no follow-on capital, leaving it severely undercapitalized durin

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€45M

Peak valuation

HypeCycle · MoatType · ResearchTags

JackPot Rewards raised €16.7M before launched an enterprise loyalty saas platform at the onset of the 2008 financial crisis, making enterprise sales nearly impossible during budget freezes. ended it. See the documented cause, verified lesson and all failure signals.

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