Make data-driven decisions to improve longevity

Laundry Delivery for $25

Categories

Customer Service, Laundry Services, Delivery,

Product Gallery

Reasons for Shutdown

High Burn Rate

Prim burned too much money on pick-up and delivery to survive.

Prim burned too much money on pick-up and delivery to survive.
The price might not have made room for Prim to earn a margin, but if it increased the cost, it might have seen even fewer customers.

Strong Competition

There was a lot of other competition in the same area.

San Francisco already had laundry services like LaundryLocker, Sfwsh and Sudzee.
That is a lot of competition for Prim.

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
1.		Washio	48.7%	A wash and fold laundry service that picked up and cleaned dirty laundry and then delivered them back to their owners.	Consumer Services	Customer Services, Delivery, Laundry Services	United States	-	-	-	-	-	Early Stage	-	-	-	-	-	-	-	-	-	-	-	-	-	10-50	-	-	Inactive	-	-	2013	-	-	-

Investors

No.	Image	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.		Y Combinator	-	Y Combinator is a startup accelerator that invests in a large number of startups twice a year.	Mountain View, California, United States	-	-	-	$ 125K - $ 25M	$10M	Software, SaaS, Mobile, Internet	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-

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.		Xuwen Cao	Co-founder	-	-	-	-	-	-	-	Echo Locker	-	Xuwen is the co-founder of Echo Lockscreen. He attended Stanford University and studied computer science.	-	-	-	-	-	-	-
2.		Yin Yin Wu	Principal Software Engineer	-	-	-	-	-	-	-	Microsoft	-	Yin is the founder of DIRT, a protocol that allows decentralized curation of trusted data sets. DIRT defines a set of rules for writing and validating information, and uses token staking to incentivize honesty. Yin sold her previous startup to Microsoft, and was one of the youngest principal engineers there working on AI and mobile products. She is a YCombinator alumnus and studied Computer Science at Stanford.	-	-	-	-	-	-	-

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.	1 Mar 2013	Seed Round	-	-	-	-	-	-	1	-	-	-	-