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The Internet Businesses The Almighty Buck

The Greatest Defunct Websites and Dotcom Disasters 192

NotableCathy writes "CNet has an interesting retrospective write-up documenting the most notable dotcom disasters and now-defunct Websites that were massive in their day, detailing what happened to them and what they led to. Nupedia didn't escape a slating (remember Larry Sanger's memoir?), or indeed Beenz, whose founder and CEO once said 'would become the universal currency, supplanting all others,' according to The Register seven years ago."
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The Greatest Defunct Websites and Dotcom Disasters

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  • Re:Pets.com (Score:5, Informative)

    by Daver297 ( 1208086 ) on Thursday June 05, 2008 @11:47AM (#23669035) Homepage
    that is the same sock puppet
  • AllTheWeb.com (Score:5, Informative)

    by mlwmohawk ( 801821 ) on Thursday June 05, 2008 @11:49AM (#23669069)
    bit for bit the best and most relevant search of the time. We went head to head with Google and we *HAD* better results with fewer duplicates.

    FAST could have been Google, it was better, but the upper management decided there was no real money to be made in web search.

    Alas, no matter how smart the engineers, or how good the technology, stupid management can screw up a free lunch. Unfortunately, win or lose, they *ALWAYS* get the pay off.

  • by Anonymous Coward on Thursday June 05, 2008 @12:20PM (#23669517)
    VA Software is notable because of its IPO on December 9, 1999. The shares for the IPO were offered at $30, but the traders held back the opening trade until the offers hit $299. LNUX later popped up to $320, and closed their first day of trading at $239.25, a 698% return. However, this high-flying success was short-lived, and within a year the stock was selling at well below the initial offer price. As of 2005, this is still the most "successful" IPO of all time.

    http://en.wikipedia.org/wiki/LNUX

    Stock currently trades at a buck forty
  • Re:I miss Dejanews (Score:2, Informative)

    by ucblockhead ( 63650 ) on Thursday June 05, 2008 @12:20PM (#23669521) Homepage Journal
    I pine for the days when Usenet contained useful technical information and you needed a Unix shell account and "rn" to get to it.
  • Re:AllTheWeb.com (Score:3, Informative)

    by Hankapobe ( 1290722 ) on Thursday June 05, 2008 @12:22PM (#23669535)
    FAST could have been Google, it was better, but the upper management decided there was no real money to be made in web search.

    Maybe it was and maybe it wasn't, but tell that to the investors. The free market said that Google's original business model wasn't good enough - the tech wasn't good enough apparently.

    Unless you have the money and you don't care about any sort of return, when you go into business, you must make a return on investment. And when you have investors, if you squander their money, they fire you and possibly you go to jail for fraud. At the very least, if you do not meet their requirements for a return, they will also fire you. The free market works the same way for technology.

    Technology isn't the end all and be all for a successful enterprise. Their management made the right decision as far as I'm concerned and I'm sure Google's stock holders would agree. After the "customers" their opinion matters the most.

  • Re:CNet (Score:4, Informative)

    by Rob T Firefly ( 844560 ) on Thursday June 05, 2008 @12:28PM (#23669647) Homepage Journal

    It's still hard to understand why CBS valued them so high with their purchase.
    The news.com domain was what CBS spent a metric pantload of money on. If it were attached to a dog groomer rather than an Internet company from the 1990s, CBS would now probably be grooming dogs while their management figures out how to best exploit the coveted domain.
  • Kozmo.com (Score:4, Informative)

    by superdude72 ( 322167 ) on Thursday June 05, 2008 @12:31PM (#23669697)
    I still miss Kozmo.com. With a few clicks you could have a sandwich, a pint of Ben & Jerry's, a Razor scooter, and some porn delivered to you in 30 minutes. Everything you need for the perfect evening! And no delivery charge.

    I kind of knew at the time that they'd never turn a profit, but it was nice while it lasted.
  • Re:beopen (Score:4, Informative)

    by peragrin ( 659227 ) on Thursday June 05, 2008 @12:54PM (#23670069)
    That's just it the dotcom didn't plan 5 years out. heck they didn't plan 2 years out. Some of them took a billion dollars in venture captial spent it all inside of 6 months, grossed maybe $300 million in revenue, and suddenly realized they owed more money than the would make back in 5 years. They tried to start walmart or Home depot sized business overnight and then couldn't figure out why they failed.

    you want to start a business and even have some start up money to get going that's great. but you had better carefully plan out the next two years of bills that you know about. as if you start coming up short your screwed.
  • Re:CNet (Score:1, Informative)

    by Anonymous Coward on Thursday June 05, 2008 @01:05PM (#23670263)
    cnet got lotsa good domain names, such as news/tv/radio/search.com and more...
  • Re:Please .... (Score:5, Informative)

    by DrMaurer ( 64120 ) <danlowlite@@@gmail...com> on Thursday June 05, 2008 @01:06PM (#23670297) Homepage
    Firefox Repagination Add-On works pretty well.

    https://addons.mozilla.org/en-US/firefox/addon/2099 [mozilla.org]
  • Re:Pets.com (Score:5, Informative)

    by IorDMUX ( 870522 ) <mark DOT zimmerman3 AT gmail DOT com> on Thursday June 05, 2008 @01:14PM (#23670411) Homepage
    Never mind, I found it!

    It was the 2001 eTrade SuperBowl commercial [youtube.com].

    ...hmm. Maybe I didn't remember it so well, after all.
  • minus the pictures (Score:3, Informative)

    by Anonymous Coward on Thursday June 05, 2008 @01:28PM (#23670697)
    At the turn of the Millenium the Internet burst out of academia and hobbyism in a volcano of money, sex and possibility. It barged its way into our lives, our economy and our global culture. For many people the dotcom boom meant oodles of boodle, and the promise of even more. But most of these Web pioneers were shown how dangerous it can be to run before you can walk -- for as night follows day, bust followed boom.

    Collected here are history's most important failed dotcom businesses, and Web sites that were massive in their day, but now lie dormant in the graveyard of binary has-beens. We'll see people broadcasting themselves over a decade before YouTube existed, new global currencies that tried to leverage the booming global-local economy, and the best ways to let overexcited entrepreneurs burn through tens of millions of pounds and dollars in mere months.

    Welcome to the dotcom bubble: the black hole of Web history. -Nate Lanxon

    JenniCam (1996-2004; precursor to Justin.tv)

    JenniCam, beginning in 1996, was the first really successful 'lifecasting' attempt. We're more familiar these days with lifecasters Justin Kan and oh-God-look-at-how-hot-I-think-I-am Justine Ezarik. But these modern exhibitionists are doing a decade later what Jennifer Ringley started back when we were all using dial-up connections.

    Jenni started out broadcasting her often mundane life from a single webcam, but eventually quadrupled her cam count and didn't shy away from broadcasting anything, including any bow-chicka-wow-wow with blokes, or even when bored on her own. She was 19 when she began doing this (lifecasting, not bow-chicka-wow-wow), and continued the hobby for seven years (lifecasting, not... you get the idea).

    No subscription, no sex for you
    Money rolled in from $15-a-year subscriptions and Jenni ended up featured on massive US talk shows and on the cover of popular magazines. It's reported that her site was receiving over 100 million visitors a week -- remember this is 1996 and the Web as we know it now had barely lost its virginity, let alone given birth to the God-child we know as the modern Internet.

    In 2008, when reality TV shows such as Big Brother deliberately exploit chumps for the entertainment of idiots, Ringley's unapologetic self-opened window gave the world its first taste of what was to eventually dominate our tubes: user-generated video, interactive Web sites, paid-for Net subscriptions, video on-demand and self-exploitation.

    But it seems almost eight years of such revelation was enough for the 20-something Jenni, who apparently now leads a quieter life as a computer programmer.

    Boo.com (1998-2000; precursor to: Next.co.uk, et al)

    If you were cool and wanted clothes, you were part of Boo.com's target audience. Boo.com was one of the first to demonstrate the calamity that was to be the typical scenario for dotcom businesses at the turn of the Millenium -- overhype, overfund and overexpand. It was an online consumer fashion Web store, founded by Ernst Malmsten and ex-model Kajsa Leander in 1998, and launched the following year -- after eating £80m before selling a single item of clothing.

    To guide you around the bandwidth-heavy site was Ms Boo, an animated little shop assistant. The problem was that in 1999, the limited numbers of people on the Net were using the also-limited bandwidth of dial-up modems, and browsing the site was a slow affair.

    Overstaffed, overpaid, over here
    Perhaps that's why eight weeks before its demise in mid-2000, Boo.com had only managed to generate £200,000 in turnover from 300,000 customers. For a company that employed 400 people when it only estimated it needed 30, such a disappointing revenue was hardly enough to keep it afloat. Worse still, the company needed countless millions in additional funding, and as the tech stocks were plummeting like a pigeon shot mid-flight, the doors of banks were slammed, locked and welded shut.

    In retrospect, Boo.com simply tried to do too much, to
  • Alpine (Score:3, Informative)

    by SgtChaireBourne ( 457691 ) on Thursday June 05, 2008 @02:24PM (#23671631) Homepage

    I pine for the days when I used a mail reader called pine...

    The new version is under the Apache License V2 and is called Alpine [washington.edu]. It was easier to start the new project with the new license with a name change. If you can get past any prejudices about text-based, menu-driven applications, it kicks butt.

"Life begins when you can spend your spare time programming instead of watching television." -- Cal Keegan

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