The bankruptcy filing reveals Made Renovation's dire financial status, reporting only $146,000 in assets against liabilities of $19.2 million, underscoring the challenges faced by tech-driven startups.
Despite efforts to create accessible and beautiful spaces for homeowners, the company faced a barrage of customer complaints, with Yelp ratings averaging a dismal 1.1 out of 5 stars.
Founded with the ambition to simplify bathroom remodeling for digitally savvy customers, Made Renovation's journey illustrates the risks and realities of startup life amidst high expectations.
CEO Roger Dickey once expressed an optimistic vision, stating, 'Beautiful, aspirational spaces can and should be accessible to more homeowners,' yet the company could not meet these aspirations.
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