9 out of 10 startups fail. This simple rule is ubiquitous and is keeping many entrepreneurs from even trying their luck. Rehype.it is a new platform that aims to capitalize on that fact. The project, which started earlier this month, provides failed startups with a second chance. Participants can sell brands, domains or a complete businesses through the marketplace. The website sardonically states: “Your startup is insolvent – so what? With Rehype.it you can now turn every part of your project into cash.”

Tom Schneider, founder of Rehype explains the idea behind his startup: “Our concern is that, what has been created in many projects is not simply buried and thrown away, but that other people might be able to do something with it. People who may have better contacts or financial resources or an idea to take things a little differently.” He also points out that Rehype “is not just about failed start-ups, but also about projects that are already advanced, but cannot be continued for some reason.”

So if you are looking to get your hands on a few ideas (failed for whatever reason) or just want to be inspired by projects of other people, Rehype might be the place to check out. The market place grants its users an early bird special that includes free membership for the first 90 days after its inauguration. I’m already signed up. How about you?

Picture: © Rehype.it