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The 20 Worst Venture Capital Investments of All Time

14 pointsby chengmiover 17 years ago

5 comments

dfrankeover 17 years ago
All of these are just from the late '90s and after. What about <a href="http://en.wikipedia.org/wiki/South_sea_bubble" rel="nofollow">http://en.wikipedia.org/wiki/South_sea_bubble</a>
iamelgringoover 17 years ago
Notice how many of these were in the last bubble. Notice how much VC money these people burned through. These companies even got private people--Whoopi Goldberg--and corporations like Coca Cola to invest millions in these startups. <p>I'd bet you could add up all of the VC money given to web 2.0 startups for the last 4-5 years, and it wouldn't add up to the money given to cue-cat + Kozmo + Webvan. ($1.23 billion)<p>You've got to be kidding me! We could start 1000 startups for that kind of money and have plenty left over to buy a small carribean island to move to and run our startups from while drinking fruity drinks and getting massages. <p>I just don't get the hoopla of bubble 2.0. Nothing to see folks, just keep moving along and keep working on your startups.
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far33dover 17 years ago
I recently read some parts of the FuckedCompany book, which has most of these, as well as many many more amazing bubble flameouts. It's not very well written but a quick and fun read.
mynameishereover 17 years ago
How depressing that webvan.com is owned by a vanilla domain parker.<p>It's actually not that bad of an idea--selling groceries to UMC city people. They just executed badly.
downerover 17 years ago
Pets.com: <p><i>Once backed with $50 million by Hummer Winblad Venture Partners, Bowman Capital, and Amazon.com Inc.</i><p>Can I get $50k from one of those?