// startup autopsy
Loot Crate
800,000 subscribers for gamer boxes. Shipping delays destroyed trust. Chapter 11 in 2019.
unit economicsSlow Death
Years-long decline before final shutdown · Fatal mistake: Fulfillment operations could not scale with subscriber growth; advance payment float masked underlying delivery failures until trust collapsed
| Founded | 2012 |
|---|---|
| Closed | 2019 |
| Country | USA |
| Sector | Ecommerce |
| Raised | ~$136M USD |
| Founder | Chris Davis, Matthew Arevalo |
72%
48%
Key Events Timeline
2012
FOUNDING
2012-01
FOUNDING
Loot Crate founded
2015-06
DOWN ROUND
Down round or bridge financing
2016
MILESTONE
2017
CRISIS
2018
CRISIS
2019
SHUTDOWN
2019-06
SHUTDOWN
Bankruptcy: Loot Crate ceases operations
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