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What does foundered mean?

Looking for the meaning or definition of the word foundered? Here's what it means.

Verb
  1. simple past tense and past participle of founder
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Examples
The cartoons are the work of Ub Iwerks, a Disney-stable animator who struck out on his own, foundered, and sank.
Attempts to introduce a new price structure have foundered on the implacable opposition of Norwegian-controlled companies.
The South Island was formed, they say, when a canoe full of 150 gods foundered on a reef.
Nothing, of course, came of this, as his proposals foundered on the rock-like conservatism of his profession.
They mention three controversial proposals that allegedly foundered on contributors' influence.
But before long the boat foundered on a sand-bank and all we could do was wait for the tide.

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