These early online businesses were supposed to make millions. They went spectacularly bust
Online dreams that were shattered
Pets.com
Pets.com
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Gov.works
Kaleil Isaza Tuzman (pictured right) was one of the better known, but least successful 90s dotcommers. He left Goldman Sachs to start up Gov.Works, which had the great idea of allowing people in the US to pay parking tickets and get other government services online. He was so confident that he allowed a film crew to follow his attempts. Sadly it blew $60 million in venture capital and never made any actual money. To add insult to injury the film Startup.com also flopped, although it was critically acclaimed.
Gov.works
Jewishnet.co.uk
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Jewishnet.co.uk
The reality was less glamorous. When one BBC journalist went to interview him, he found him with a friend operating out of a glorified broom cupboard. Unfortunately pretty soon the whole thing collapsed. Cohen, however, didn't let it bring him down. He's a successful journalist who has worked with Channel 4 and is the founder of popular LGBT+ website Pink News.
Kozmo
"It's like taking the tiger by the tail, it's one wild ride." So says Joseph Park (pictured) at the beginning of the documentary E-Dreams. He's talking about his experiences trying to launch an early version of Amazon called Kozmo. It planned to offer free one-hour delivery for DVDs, books, games and much more, when Amazon was still just a book delivery service and Jinn was just a glint in its founders' eyes. It quickly became popular among students, but critics said it would never work...
Kozmo
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Broadcast.com
Broadcast.com
Broadcast.com
However, Broadcast.com didn't fare quite as well. In 2002 Yahoo closed down most of its broadcast services and Broadcast.com has since been discontinued. Cuban, though, has gone from strength to strength. Today he owns the NBA's Dallas Mavericks, he continues to invest in start-ups and appears on TV's Shark Tank.
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Geocities
Geocities
Boo.com
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Boo.com
Boo.com
Webvan
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Webvan
Webvan
eXcite
In 1995 a group of Stanford University students launched a search engine called eXcite. Everything was going well, as Google was still in its infancy and the world of search engines was still wide open for opportunities. In 1999 its CEO George Bell (pictured) actually had the chance to buy Google for $1 million but felt the price was too high, even when it went down to $750,000, according to Forbes.
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eXcite
By the late 1990s eXcite was a reliable and growing search engine and in 1999 @Home bought it for $7 billion, after a bidding war with Yahoo. However, by 2001 it was filing for bankruptcy. "It's very easy to look back and say should have, could have, and would have. I think the decision we made at the time, with what we knew, was a good decision. It's laughable to say that now, I suppose," Bell told CNBC in 2015. However, his career hasn't unduly suffered. He's gone on to be CEO of other fledging businesses which have been sold on for big bucks.
Now take a look at some super-rich billionaires who were once poor
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