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Beepi

An online peer-to-peer marketplace for used cars.

Categories

P2P, Marketplace,

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Reasons for Shutdown

High Burn Rate

The company was not being cautious with its funds.

Beepi was struggling with profitability and reported that the company was not cautious about using their funds and spending on high salaries, also making its office look pretty.

Failed M&A

Had an acquisition deal but was cancelled due to disagreements.

Beepi originally planned to complete an acquisition deal with Fair.com which was cancelled due to disagreements on the conditions of the sale.
The company then received a second offer from DGDG. However, Beepi ran out of money and had to shut down, which made DGDG walk away too.

Direct Competitors and Similar Companies

Note: Direct competitors are defined by similarity score of more than 40%, while similar companies are defined by similarity score of less than 40%

No.	Image	Name	Similarity score	Description	Industry	Categories	Location	Ownership status	Entity type	Stage of development	Transactional model type	Defensibility moats	Last financing round	Total raised	Post-money valuation	Last financing date	No. of funding round(s)	No. of investors	Investors	Total revenue	Market capitalization	No. of investments	No. of acquisitions	No. of board seats taken	Competition	Management	No. of employees	Company reputation	Contact info	Operational status	Operational duration	Shutdown date	Founded date	Legal name	Former legal name(s)	Ticker
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Investors

No.	Name	Investor type	Description	Location	Preferred investment stage(s)	Stages invested in	Assets under management (AUM)	Investment range	Investment sweet spot	Preferred investment focus	Preferred investment geography	No. of investments	No. of lead investments	No. of follow-on investments	No. of co-investments	Portfolio companies	No. of exits	Total exit value	No. of failed investments	Loss on investments	No. of acquisitions	No. of board seats taken	No. of funds	Limited partners	Co-investors	No. of partners	Partners	No. of employees	Management	Board members	Founders	Investor reputation	Contact info	Entity type	Legal name	Former legal name(s)	Founded date	Ticker
1.	Brandless	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
2.	Brian Sharples	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
3.	Fabrice Grinda	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
4.	Redpoint	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
5.	Silicon Valley Bank	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-

Leadership

No.	Image	Name	Previous designation	Previous company	Previous biography	Previous profile type	Previous location	Experience	Education	Reputation	Current company	Current designation	Current biography	Current profile type	Current location	No. of investments	No. of exits	Total exit value	No. of board seats taken	Contact info
1.		Ale Resnik	Founder in Residence	-	-	-	-	-	-	-	Andreessen Horowitz	-	Alejandro “Ale” Resnik (born April 18, 1982) is an Argentine-born American serial entrepreneur. Resnik's third company was Beepi, a peer-to-peer marketplace for buying and selling automobiles. In 2014, Resnik was named a Top Innovator Under 35 by the MIT Technology Review. Early life and education Resnik was raised in Argentina and at the age of 18, he founded his first start up, a domain registrar named LatinDominios.com.] In 2000, he received an undergraduate degree in Information Technology from ORT in Argentina and in 2006, a degree in industrial engineering from the Buenos Aires Institute of Technology (Instituto Tecnologico de Buenos Aires).In 2011, Resnik entered the Massachusetts Institute of Technology and in 2013, graduated with an MBA from the Sloan School of Management in the Entrepreneurship and Innovation Track. Global Vitamins In 2005, Resnik founded Global Vitamins, LTD, and became its CEO. The subscription-based e-commerce company, which sold vitamins and nutritional supplements directly to consumers, marketed to clients in Latin America and Europe. Resnik sold the 75-person company in 2011 to attend MIT. Beepi He co-founded Beepi, a "peer-to-peer" online used-car marketplace that failed to raise additional funding to operate and was sold off in January 2017. After exiting Beepi, Ale joined Venture Capital firm Andreessen Horowitz, based in Menlo Park, as Founder in Residence. Awards Top Innovator Under 35 by the MIT Technology Review in 2014. A jury member for the MIT Technology Review prize said the Resnik had created "an innovative model and disruptor for the American market" and added that the Beepi project has contributed "innovation in the field of electronic commerce." In 2015, Resnik was named by Pulse to the LinkedIn "New Wave List" of the top 10 professionals under 35 influencing "what and how we drive." MIT Legatum Fellowship for Development and Entrepreneurship; "Global Young Jewish Leader" by the State of Israel for work on Future Generations Program of the World Jewish Congress Latin America.	-	-	-	-	-	-	-
2.		Owen Savir	-	-	-	-	-	-	-	-	-	-	Owen Savir is Founder at Beepi.	-	-	-	-	-	-	-

Funding

No.	Financing date	Financing round	Total amount raised	Post-money valuation	Financial viability	Fundraising target amount	Remaining target amount	Financing type	No. of investors	Board seats	Lead investors	Entity type	Financing status
1.	4 Feb 2016	Secondary Market	-	-	-	-	-	-	1	-	-	-	-
2.	1 Aug 2015	Series B	USD 70M	-	-			-	14	-	-	-	Completed
3.	30 Dec 2014	Series B	USD 12.7M	-	-			-	6	-	-	-	Completed
4.	6 Oct 2014	Series B	USD 60M	-	-			-	9	-	-	-	Completed
5.	15 Apr 2014	Series A	USD 5M	-	-			-	5	-	-	-	Completed
6.	14 Jan 2014	Seed Round	USD 1.3M	-	-			-	8	-	-	-	Completed
7.	1 Jul 2013	Seed Round	-	-	-	-	-	-	1	-	-	-	-