旧时代的失败，
可能是 Agent 时代的机会

主死因：人工服务成本吞掉毛利

Vertical farming using AI and robotics to grow pesticide-free produce with 99% less water and land than traditional agriculture.

核心死因是人工服务成本与人力规模约束，Agent 可承接咨询、客服与交付环节，原成本结构显著改善。

主死因：资本消耗与竞争挤压现金流

App-based bike-sharing solving China's last-mile transit problem during the 2016-2017 shared mobility boom.

死于资本消耗、巨头竞争或融资断裂，Agent 改善执行成本但难以对抗资本密度与平台竞争。

主死因：数据获取与处理成本过高

Democratized genetic testing through $99 mail-in kits, turning ancestry and health insights into a viral consumer product during the genomics cost revolution.

数据获取与整理是主要成本，Agent 能降低处理成本，但数据源合规与时效性仍需人工把控。

主死因：获客成本高于客户终身价值

Live online English lessons connecting North American teachers with Chinese children through gamified small-group classes.

死因集中在获客成本与流量竞争，Agent 只能降低内容投放成本，核心获客约束未被消解。

主死因：获客成本高于客户终身价值

China's $15.5B EdTech giant offering AI-powered K-12 tutoring to 400M users, capitalizing on exam pressure and parental anxiety.

死因集中在获客成本与流量竞争，Agent 只能降低内容投放成本，核心获客约束未被消解。

主死因：资本消耗与竞争挤压现金流

Dockless bike-sharing via smartphone app, expanding from Hong Kong to Europe with pay-per-ride model at $0.50 per 30 minutes.

死于资本消耗、巨头竞争或融资断裂，Agent 改善执行成本但难以对抗资本密度与平台竞争。

主死因：资本消耗与竞争挤压现金流

P2P rental marketplace for consumer goods in China, monetizing idle assets during the sharing economy boom (2014-2024).

死于资本消耗、巨头竞争或融资断裂，Agent 改善执行成本但难以对抗资本密度与平台竞争。

主死因：人工服务成本吞掉毛利

Online marketplace connecting Chinese K-12 students with premium tutors for live 1-on-1 and group sessions, democratizing access to top educators.

核心死因是人工服务成本与人力规模约束，Agent 可承接咨询、客服与交付环节，原成本结构显著改善。

主死因：人工服务成本吞掉毛利

The bank that 'got' startups—specialized in venture debt, equity comp, and burn rates when traditional banks saw only risk.

核心死因是人工服务成本与人力规模约束，Agent 可承接咨询、客服与交付环节，原成本结构显著改善。

主死因：资本消耗与竞争挤压现金流

China's first major fresh produce e-commerce platform with end-to-end cold chain logistics, backed by $900M from Alibaba and Goldman Sachs.

死于资本消耗、巨头竞争或融资断裂，Agent 改善执行成本但难以对抗资本密度与平台竞争。

主死因：获客成本高于客户终身价值

China's first major online education platform offering language learning and K-12 courses to 190M users through freemium model.

死因集中在获客成本与流量竞争，Agent 只能降低内容投放成本，核心获客约束未被消解。

主死因：人工服务成本吞掉毛利

The 'Twitch of China' backed by a billionaire's son, promising to turn gaming from parental shame into legitimate career gold.

核心死因是人工服务成本与人力规模约束，Agent 可承接咨询、客服与交付环节，原成本结构显著改善。