Shyp
Company typePrivate
IndustryTechnology, Internet
Founded(2013; 11 years ago (2013)) in San Francisco, California
Founders
  • Kevin Gibbon
  • Joshua Scott
  • Jack Smith
DefunctMarch 27, 2018 (2018-03-27)
FateDissolved on March 27, 2018
HeadquartersSan Francisco, California
Key people
Kevin Gibbon (CEO)
Website(Shut Down) shyp.com
Footnotes / references
[1][2]

Shyp was a shipping company that operated in the years 2013–2018. The company picked up, packaged, and shipped items through USPS and other major carriers.[3] The company was founded in San Francisco by Kevin Gibbon, Joshua Scott and Jack Smith.[1] Until 2017, the company operated in New York,[4] Miami,[5] Los Angeles,[6] Chicago,[7] and Philadelphia.[8]

The company raised a total of $62.1 million in venture-capital funding, with the Series B investment led by investor Kleiner Perkins.[9]

In 2015, the company launched an Android app to complement its iOS app.[10] Also in that year, Shyp added "Shyp Returns" functionality to its apps whereby shoppers could return items they purchased online from select merchants, including Amazon, Target, and Nordstrom.[11]

Shyp was one of the few on-demand companies made up entirely of employees, not independent contractors. In 2015, the company converted its couriers from independent contractors to full-fledged employees.[12]

In 2017, in an effort to become profitable, Shyp laid off the majority of its staff and ceased operating in New York, Los Angeles, and Chicago.[13] In 2018, Shyp CEO Kevin Gibbon announced that the company would shut down and lay off all its employees.[14][13]

References

  1. ^ a b Gibbon, Kevin (1 October 2013). "How we built Shyp on AngelList and raised $2.1M". Medium. Retrieved 5 December 2018.
  2. ^ Gibbon, Kevin. "I Can't Wait for You to See What We Do Next". LinkedIn. Retrieved 28 March 2018.
  3. ^ Fiegerman, Seph (30 September 2013). "Shyp Raises $2.1 Million to Take the Pain Out of Shipping". Mashable. Retrieved 7 November 2013.
  4. ^ Russell, Kyle (29 September 2014). "Shyp Launches In New York City, And Miami Is Next". TechCrunch. Retrieved 16 October 2014.
  5. ^ Russell, Kyle (19 November 2014). "Shyp Launches In Miami, Prepares For Los Angeles In Early 2015". TechCrunch. Retrieved 21 December 2014.
  6. ^ Lien, Tracey (14 May 2015). "Shyp launches in L.A. to solve 'painful' postal problem". Los Angeles Times.
  7. ^ Yeung, Ken (30 September 2015). "Shyp launches in Chicago". VentureBeat.
  8. ^ Heath, Alex (20 July 2017). "Shyp, a startup that wants to kill the post office, is scaling back operations and laying off employees". Business Insider. Retrieved 20 July 2017.
  9. ^ Rao, Leena (April 21, 2015). "Fortune: Shyp, a mobile shipping app, raises $50 million". Retrieved April 5, 2016.
  10. ^ Russell, Kyle (29 Jan 2015). "Shyp Brings Its On-Demand Shipping App To Android". TechCrunch. Retrieved 15 March 2015.
  11. ^ Russell, Kyle (4 Mar 2015). "Shyp Returns Makes It Easy To Send Back Stuff You Buy Online". TechCrunch. Retrieved 15 March 2015.
  12. ^ Alba, Davey (July 1, 2015) "Shyp Makes Couriers Employees Before It's Too Big to Change." Wired.com. (Retrieved 1-7-2016.)
  13. ^ a b McCracken, Harry (2018-03-27). "How Shyp Sunk: The Rise And Fall Of An On-Demand Startup". Fast Company. Retrieved 2018-03-29.
  14. ^ Gibbon, Kevin (March 27, 2018). "I Can't Wait for You to See What We Do Next". LinkedIn.com.


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