Shapeways at its core was a profitable operational business with a loyal customer base. Strategic direction and investor needs required the company to pursue an aggressive growth strategy with accompanying large overhead expenses and investments. This however did not materialize in any significant revenue growth. The company tried to sell itself to potential buyers and failed to do so without simultaneously taking serious cost cutting measures. The company went out of business as a result of that inaction.
Why did Shapeways go bankrupt?
