// startup autopsy
Cometa
A SaaS comet that burned up before reaching orbit in Peru
marketfitSilent Shutdown
Quiet closure with no public announcement · Fatal mistake: Attempting to build a SaaS business in Peru's immature software market without sufficient capital to endure the long B2B sales cycles required for customer acquisition.
Key Events Timeline
FOUNDING
Cometa founded in Peru with ambitions to serve the local business software market.
FUNDING
Raised $50K in seed funding to develop the SaaS platform and pursue initial customers.
DOWN ROUND
Enterprise sales cycles prove longer than expected; customer acquisition remains minimal.
DOWN ROUND
Capital running critically low with revenue insufficient to cover operating costs.
SHUTDOWN
Cometa shuts down operations after failing to raise additional funding or find an acquirer.