In a nutshell I describe my last position as a "start-up that stopped", slightly flippant I know but if's difficult one to describe.
A number of recruiters, when fishing for leads are intent on finding out about the "business" as they've "never heard of it".
In essence, I guess, I'm asking for a script that best describes a business that didn't really have a viable product and never got serious funding and frankly was a disaster -negative phrases I do not want to use. My role in it was looking after the software development, not the business capitalisation side of things or whether it was a "viable product".