// STARTUP COMPARISON
Bulb Energy vs Bodega
Bulb Energy failed in 2022 due to Bad Timing. Bodega failed in 2018 due to Product Failure. Different causes, different sectors, different eras — but the same simulation outcome.
| METRIC | 🔥 Bulb Energy | 🔥 Bodega |
|---|---|---|
| Sector | Consumer | Consumer |
| Country | UK | USA |
| Founded | 2015 | 2017 |
| Died | 2022 | 2018 |
| Raised | £165M | $2.5M |
| Peak | 1.7M customers | $2.5M raised |
| Primary Cause | Bad Timing | Product Failure |
// WHY EACH FAILED
🔥 Bulb Energy
Bad Timing
Bulb Energy served 1.7M UK customers on fixed green energy tariffs. In 2021 wholesale gas prices surged over 400%. Locked into fixed prices, Bulb could not pass costs to customers. It entered UK government special administration in November 2021 — the largest UK energy company failure in history. Octopus Energy acquired it in 2022 for £2.4B.
// LESSON
Fixed-price contracts in commodity markets are inherently short positions. When the commodity moves against you at scale, no brand equity absorbs the loss.
Fixed-price contracts in commodity markets are inherently short positions. When the commodity moves against you at scale, no brand equity absorbs the loss.
🔥 Bodega
Product Failure
Bodega launched a pantry-box vending machine product and named it after the neighborhood bodegas it aimed to displace. A Fast Company article in September 2017 caused a PR disaster before launch. The product never gained traction. The company shut down within a year.
// LESSON
Your brand name is a thesis statement about the world you want to create. If that thesis offends the communities you need to operate in, you do not have a business.
Your brand name is a thesis statement about the world you want to create. If that thesis offends the communities you need to operate in, you do not have a business.
// EXPLORE FURTHER