20 worst investments by venture capital funds. I used to work for a VC firm in the late 90s and boy, did we invest in some doozies. How many can you spot/recognize from this list?
http://www.insidecrm.com/features/20...tments-111907/
Kozmo.com: Kozmo.com's small-goods delivery service, while a recipient of around $250 million in investment, and popular with students and young professionals, ultimately met its end and liquidated in 2001. Its business model was criticized as unprofitable because it didn't charge for deliveries. Kozmo.com's demise is profiled in the documentary film e-Dreams.
I remember Kozmo.com, a friend of mine was the roommate of the guy who founded the company. My buddy kept insisting that it was HIS idea. Sure enough, when Kozmo went on life support, my friend began to insist that he just HELPED and it wasn't his idea. Just proves the old saying once again:
"Success has many fathers. Failure is an orphan."
Anyway, enjoy the trip back to the late 90's early 2000s.