Evaluating only SocialRadar’s profile at its peak — without knowing the outcome — the model ranked No market fit as the #1 likely cause. That’s exactly how it died.
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FOUNDING
SocialRadar founded by ex-Blackboard CEO Michael Chasen with $5M in initial funding.
SocialRadar, a Washington D.C.-based real-time location-sharing social app founded by Michael Chasen (ex-Blackboard CEO), raised $14.6M from investors including SWaN & Legend Venture Partners. The app allowed users to see nearby friends in real time but faced severe privacy backlash and user retention problems. Despite high-profile PR, downloads plateaued and the product shut down in 2016 as the team pivoted to a B2B location data company called Compass.