// startup autopsy

Pricebets

The price-betting startup that couldn't beat the odds in a crisis economy

marketfitSlow Death

Years-long decline before final shutdown · Fatal mistake: Built an unconventional price-betting SaaS product without validating consumer willingness to engage in a depressed Spanish economy.

Founded	2011
Closed	2013
Country	Spain
Sector	Consumer

50%

Key Events Timeline

2011-01-01

FOUNDING

Pricebets founded in Spain with a novel concept blending price comparison and betting/gamification mechanics.

2011-09-01

FUNDING

Raised $0.176M in seed funding to build and launch the price-betting platform.

2012-03-01

PRODUCT LAUNCH

Launched the Pricebets platform in Spain but faced weak consumer adoption amid ongoing economic austerity.

2013-01-01

SHUTDOWN

Pricebets shut down after failing to achieve user growth in Spain's depressed economic environment with insufficient funding.

Full Analysis

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Documented cause

Pricebets, a Spanish SaaS startup that combined price comparison functionality with gamification and betting mechanics, failed to achieve sustainable growth despite raising $0.176M in 2011. The startup operated...

in a challenging environment marked by Spain's economic crisis during the early 2010s, which constrained consumer spending and investor appetite. The niche positioning—blending price comparison with

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€0.4M

Peak valuation

HypeCycle · MoatType · ResearchTags

Pricebets raised €0.175916M before built an unconventional price-betting saas product without validating consumer willingness to engage in a depressed spanish economy. ended it. See the documented cause, verified lesson and all failure signals.

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Key Events Timeline

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