We like to be proactive and helpful with our blog. Information, insights, success stories, etc.
This post admittedly is none of that. I just saw an article that takes me back to the heady days of dotcom mayhem. There are certainly some lessons here. But I suspect few readers of this blog will need to learn the lesson of spending $1billion on warehouse infrastructure too quickly.
So then…nostalgia, and a touch of schadenfreude.
From Business Pundit, an article that takes me back. Any of these images ring a bell? If not a bell, how about sending an involuntary shudder of recognition?
Beenz, like Flooz, tried to create a new online-only currency.
If you can find the movie Startup.com, watch it. This is a documentary that followed govWorks from the beginning to the very dramatic end.
I had one of these bags. I was very cool. Until I wasn’t.
Can’t say I was sad to see this critter go.
And the Billion Dollar Flamout:
The full article: http://www.businesspundit.com/25-internet-startups-that-bombed-miserably/
