Bain Capital Ventures — portfolio autopsies

The customer success category creator that couldn't create enough exit value

Automotive-focused ATS collapsed when rising rates crushed car dealership hiring budgets.

The $2.6B revenue platform that couldn't forecast its own revenue collapse.

The Netflix of fashion ran out of occasions when COVID cancelled every event that justified the subscription

Powering the first iPhone's GPS was glorious — until Apple built its own and cut the cord.

A/B testing pioneer sold for a fraction of its valuation after free tools ate the market

100 stamps per user, zero users at scale — Yahoo bought the team, not the product.

Raised $41M before anyone used the product. Launched to near-universal confusion. Acquired by Apple for ~$7M. Returned 1 cent on the dollar.