• We’re currently investigating an issue related to the forum theme and styling that is impacting page layout and visual formatting. The problem has been identified, and we are actively working on a resolution. There is no impact to user data or functionality, this is strictly a front-end display issue. We’ll post an update once the fix has been deployed. Thanks for your patience while we get this sorted.

Worst dot com busts?

H

Hossenfeffer

Diamond Member
So my cousin is wanting to dump his life savings into a new dot com that he "swears will be frickin' awesome". As he hasn't ever had the best business sense, I'd like to talk him through some possible pitfalls.

As I'm no expert and he's not about to shell out cash to go talk with someone, I figured I'd lean on the utter joy and home-baked goodness of the ATOT brotherhood *cough* *cough*

What sort of dot coms were the worst? What'd they do wrong? What might they have done right?

Doin my googlin', but figured I'd drop off a post here and check in on the big ones you remember, or maybe the one that nobody remembered but should. Any intrestin' anecdotes? Fire em over.
 
If you'd say what the idea is we could better dissuade him. Most are a bust because their expenses are high and profits are low. End result is a cash hemorrhage.
 
If the idea is good, he should be able to find others who will fund this!

Business should NOT affect your personal money!
 
Originally posted by: cjgallen
What's his idea? 🙂
Click to expand...

I signed a non-disclosure agreement, a rather crude one at that.

Already mentioned webvan to him, though I want to come back with a bit more to back it up.

Will dump the facts on him, then slap him upside the head.
 
Is he going to do some focus research groups? He might as well pitch his idea on this board and we'll tell you if its a good idea or not
 
Originally posted by: AgaBoogaBoo
If the idea is good, he should be able to find others who will fund this!

Business should NOT affect your personal money!
Click to expand...


Wrong. VC and investors will not fund an idea that even the idea owner is unwilling to risk...

no risk = no gain
 
Kozmo.com RIP
rose.gif
 
Originally posted by: Hossenfeffer
Any intrestin' anecdotes?.
Click to expand...

Don't be afraid to be honest with your cousin if my sig comes to mind when you finally learn his "frickin' awesome" idea.
 
Venture capitalists fostered the dotcom companies of the 90's. dotcom's didn't realize that they would need to turn a profit to pay the bills after the borrowed money is gone. They figured they could just ride on venture capital and company stock forever. Then boom! She burst.
 
You must log in or register to reply here.

TRENDING THREADS

Back
Top