Biggest, costliest startup failures of all time, by amount of funding
The costliest startup failure of all time was Quibi Holdings, which was shut down a mere six months after launching its online streaming service. Its total disclosed funding was 1.75 billion U.S. dollars. The second costliest startup failure of all time was the Hong Kong sports streaming arm of Chinese conglomerate LeEco, LeSports. Its total disclosed funding was 1.7 billion U.S. dollars. It was shut down due to overdue rent and 30 subscription-related complaints against the company, amid other problems.