Shyp Explained

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Shyp
Type:Private
Fate:Dissolved on March 27, 2018
Location:San Francisco, California
Founded: in San Francisco, California
Industry:Technology, Internet
Key People:Kevin Gibbon
Homepage:(Shut Down) shyp.com
Footnotes:[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.[4] Until 2017, the company operated in New York,[5] Miami,[6] Los Angeles,[7] Chicago,[8] and Philadelphia.[9]

The company raised a total of $62.1 million in venture-capital funding, with the Series B investment led by investor Kleiner Perkins.[10]

In 2015, the company launched an Android app to complement its iOS app.[11] 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.[12]

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.[13]

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.[14] In 2018, Shyp CEO Kevin Gibbon announced that the company would shut down and lay off all its employees.[15]

Notes and References

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

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