[Dot-com Bubble Revisited] These 13 Startups Raised Over $2.5 Billion BUT They Failed
- Webvan (founded in 1999, raised $830MM, bankrupt in 2001)
- eToys.com (raised $220mm prior to 1999, IPO raised $166mm – $386MM total, market capitalization of $11b in 1999, bankrupt in March 2001)
- Zapmail – Federal Express wrote off $320 million on this commercial failure that was a precursor to web-based document exchange
- AllAdvantage -Raised nearly $200 Million in venture capital and grew to more than 10 million members
- Asera – Churned through at least $176.2 million
- DeNovis – Sent all 110 employees home when it closed its doors. $125 million in venture capital
- Spikesource – Raise $68 million before quietly peddling the assets to Black Duck in fall 2010
- Zaplet ($100 million on widgets in email)
- DEN-Raised $60 million, quickly crashed then two of the three founders were arrested for coercing underage male employees into sex.
- Living.com-Launched July 1999, raised $68M. Dead in Aug 2000.
- Boo.com (founded 1998, raised and spent $135MM by May 2000)
- Pets.com (founded 1998, raised $82.5MM in IPO in February 2000, ceased operations in November 2000)
- Flooz.com– Raised $35 million from investors , went bankrupt in August 2001
via all top startups