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Company type | Private |
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Industry | Technology, Internet |
Founded | (2013San Francisco, California | ) in
Founders |
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Defunct | March 27, 2018 |
Fate | Dissolved on March 27, 2018 |
Headquarters | San 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]