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Posterous Spaces

After Twitter shut Posterous, the founder raised $500K to relaunch as Posterous Spaces — shut after 3 months when free users wouldn't pay for the same functionality

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Fatal mistake: After Twitter shut Posterous in 2013, Sachin Agarwal relaunched as "Posterous Spaces" — a paid social posting service. Raised $500K. Shut after 3 months when it couldn't acquire a paying user base. The original Posterous had been free; users wouldn't pay for the same functionality. Shortest funded relaunch in this database.

Founded	2013
Closed	2013
Country	USA
Sector	Social

50%

Key Events Timeline

2013

FOUNDING

2013

SHUTDOWN

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Posterous Spaces raised $500K after Twitter shut original Posterous. Free-to-paid conversion: 0%. Shut 3 months after relaunch....

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€1.3M

Peak valuation

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Posterous Spaces raised €0.5M before after twitter shut posterous in 2013, sachin agarwal relaunched as "posterous spaces" — a paid social posting service. raised $500k. shut after 3 months when it couldn't acquire a paying user base. the original posterous had been free; users wouldn't pay for the same functionality. shortest funded relaunch in this database. ended it. See the documented cause, verified lesson and all failure signals.

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