
Last Words
“We’re not Fitbit. We’re better.” (They weren’t.)
Raised
$930 million — sweated it all out, then flatlined
Cause of Death
Too much hype, too many bugs.
Notable twist
Raised nearly $1B — but couldn’t build a fitness tracker that actually tracked.
Details
Jawbone was once a titan of consumer tech — famous for sleek Bluetooth earpieces and later, its UP fitness trackers. It raised nearly a billion dollars and was seen as a stylish rival to Fitbit. But underneath the polished design, its products were unreliable. Trackers failed, apps crashed, and returns piled up. As competition from Apple and others grew, Jawbone couldn’t keep up. Years of overfunding masked poor execution — until there was nothing left to hide. In 2017, it quietly went bankrupt, becoming one of the most expensive wearable failures in history.
Pitch: “Wearable tech that understands you.”