Failed internet start-upsJuly 29th, 2008
Business Pundit posted an entertaining trip down memory lane covering 25 of the most spectacular internet failures over the last 10 years. This is certainly a good read if you’re feeling discouraged about your own internet business – at least you can say you didn’t blow through millions of dollars to get where you are today
My favorite failed internet startup on the list has to be the first one – GovWorks.com. For those who may not be familiar with the story, GovWorks was featured in a documentary titled Startup.com which gave an unprecedented inside look into the rise and fall of a real internet company in the late 1990s. This is perhaps my favorite documentary of all time and despite the sobering nature of this cautionary tale I somehow come away from watching it each time with a genuine sense of hope and excitement.
If you have some time today, read through the list and see what you can learn from these catastrophic internet failures. If nothing else it might make you feel good about your own struggle