Shyp

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Shyp
Shyp new logo.png
Type of business Private
Founded 2013
Headquarters San Francisco, California
CEO Kevin Gibbon
Industry Technology, Internet
Website (Shut Down) shyp.com
Registration Required to book pickups
Current status Ceased operations[1]
Native client(s) on iOS, Android

Shyp was a shipping and fulfillment service company. The company picked up, packaged, and shipped items through USPS and other major carriers.[2] The company was founded in San Francisco in 2013. The company previously provided its courier services in New York,[3] Miami,[4] Los Angeles,[5] Chicago,[6] and Philadelphia, prior to suspending operations in these cities in July 2017.[7] The company had raised a total of $62.1 million in venture-capital funding, with the latest Series B investment being led by investor Kleiner Perkins, where venture capitalist John Doerr joined the company's Board.[8]

The company provided a mobile app by which users could enter a package's pick-up and destination addresses and upload a photo of the package to be shipped.[9][10] In 2015, the company launched an Android app to complement its iOS app.[11] Also in 2015, Shyp added "Shyp Returns" functionality to its apps whereby shoppers could return items they purchased online from select merchants, including Amazon, Target, and Nordstrom.[12]

Shyp was one of the few on-demand companies – among many – made up entirely of employees, not independent contractors. In July 2015, the company converted its couriers from independent contractors to full-fledged employees.[13]

In July 2017, Shyp began a reduction in employees and areas serviced in an effort to become profitable. The company laid off the majority of its staff and ceased operations in New York, Los Angeles, and Chicago.[14]

In March 2018, Shyp's CEO, Kevin Gibbon, announced they were shutting down and were laying off all employees.[15][14]

References[edit]

  1. ^ Gibbon, Kevin. "I Can't Wait for You to See What We Do Next". LinkedIn. Retrieved 28 March 2018. 
  2. ^ Fiegerman, Seph (30 September 2013). "Shyp Raises $2.1 Million to Take the Pain Out of Shipping". Mashable. Retrieved 7 November 2013. 
  3. ^ Russell, Kyle (29 September 2014). "Shyp Launches In New York City, And Miami Is Next". TechCrunch. Retrieved 16 October 2014. 
  4. ^ Russell, Kyle (19 November 2014). "Shyp Launches In Miami, Prepares For Los Angeles In Early 2015". TechCrunch. Retrieved 21 December 2014. 
  5. ^ Lien, Tracey (14 May 2015). "Shyp launches in L.A. to solve 'painful' postal problem". Los Angeles Times. 
  6. ^ Yeung, Ken (30 September 2015). "Shyp launches in Chicago". VentureBeat. 
  7. ^ 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. 
  8. ^ Rao, Leena (April 21, 2015). "Fortune: Shyp, a mobile shipping app, raises $50 million". Retrieved April 5, 2016. 
  9. ^ "Shyp". Crunchbase. Retrieved 7 November 2013. 
  10. ^ "Shyp Raises $2.1M To Pick Up And Ship Your Stuff". TechCrunch. Retrieved 27 September 2013. 
  11. ^ Russell, Kyle (29 Jan 2015). "Shyp Brings Its On-Demand Shipping App To Android". TechCrunchh. Retrieved 15 March 2015. 
  12. ^ Russell, Kyle (4 Mar 2015). "Shyp Returns Makes It Easy To Send Back Stuff You Buy Online". TechCrunch. Retrieved 15 March 2015. 
  13. ^ Alba, Davey (July 1, 2015) "Shyp Makes Couriers Employees Before It’s Too Big to Change." Wired.com. (Retrieved 1-7-2016.)
  14. ^ 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. 
  15. ^ Gibbon, Kevin (March 27, 2018). "I Can't Wait for You to See What We Do Next". LinkedIn.com. 

External links[edit]