ZOMBIEADJACENTHEALTH / ELDER CARE
Honor
Pivoted so many times the caregivers got whiplash
$370M+
Capital Raised
$1.25B
Peak Value
12+ YRS
Lifespan
Multiple rounds of layoffs across pivots
Body Count
AUTOPSY REPORT
Raised $370M+ from Andreessen Horowitz and Thrive Capital to 'disrupt' elder care. Started as an on-demand home care app. Then pivoted from direct-to-consumer to a B2B platform for home care agencies, essentially abandoning the original thesis that attracted $100M in early funding . Acquired Home Instead, one of the largest home care franchises, in a bet-the-company move. Reached unicorn status at $1.25B. Still burning through capital trying to make a tech layer on top of an industry that runs on paper timesheets. The caregivers still make $15/hour.
DAMAGE: Multiple rounds of layoffs across pivots
TIMELINE
2014Founded by Seth Sternberg (ex-Meebo)
2015-04Raises $20M Series A from Andreessen Horowitz
2018Pivots from D2C to B2B platform for care agencies
2021-10Raises $370M, acquires Home Instead, reaches unicorn status
Satirical project. Not affiliated with Y Combinator. All information from public records.