AI labs are buying data from dead startups to train their models
When Keelan Miskell began winding down his crypto startup this year, he didn’t think its data was worth much: the users were anonymous, the company just a few years old. But he’s since turned the firm’s digital archives into real money. He’s netted roughly $25,000 for his code base and a still-pend…
Résumé
Dead startups' data sales
A new industry has emerged to help failing startups monetize their remaining digital assets, including code, emails, chats, and documents.
Companies like SimpleClosure and Sunset act as brokers, selling these assets to AI labs, which use them to train artificial intelligence models.
For example, Keelan Miskell earned $25,000 for his startup's code and an estimated $15,000 for workspace data stored in platforms like Google, Notion, Figma, and Slack.
SimpleClosure’s Asset Hub platform has facilitated over 150 deals, with projections to return over $10 million to startups by the end of 2026.
This trend reflects a broader rise in startup shutdowns, with estimates showing a 26% to 56% annual increase in recent years.
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