20 WORST investments

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  • $5 submissions
    I help you SUCCEED
    • Nov 2003
    • 32189

    #1

    20 WORST investments

    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.
  • ACMoviePass -Dave Dunit-
    Confirmed User
    • Oct 2007
    • 296

    #2
    lmaoooo ampd mobile

    ICQ: 398-996-991
    Email: dave "at" acmoviepass.com

    80% PAYOUTS EVERY FRIDAY IN NOVEMBER!!!

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    • eroswebmaster
      March 1st, 2003
      • Jul 2001
      • 20295

      #3
      I made money off of the pets.com blow up. I ended up clearing out some stores who had the pets.com puppet for like pennies...turned around and sold them on eBay for like $15 a pop...LOL
      For rent - ICQ 127-027-910
      Click here for more details

      Comment

      • Snake Doctor
        I'm Lenny2 Bitch
        • Mar 2001
        • 13449

        #4
        Just goes to show that fundamentals always win in the end.
        sig too big

        Comment

        • $5 submissions
          I help you SUCCEED
          • Nov 2003
          • 32189

          #5
          Originally posted by eroswebmaster
          I made money off of the pets.com blow up. I ended up clearing out some stores who had the pets.com puppet for like pennies...turned around and sold them on eBay for like $15 a pop...LOL
          Hehehehe sweet!

          Comment

          • $5 submissions
            I help you SUCCEED
            • Nov 2003
            • 32189

            #6
            Originally posted by Snake Doctor
            Just goes to show that fundamentals always win in the end.
            Dude, you're so right on the money. I remember reading Business2.0, forbes, and other articles re "HOW TO VALUATE THE NEW ECONOMY". What bullshit. Either a company makes money or it doesn't. Those articles were writing shit like "New age ways to redefine and revalue the concept of profit." Yeah.... evalue doesn't pay the rent.

            Comment

            • DaddyHalbucks
              A freakin' legend!
              • Feb 2004
              • 18975

              #7
              S E X Y L A D I E S .com?
              Boner Money

              Comment

              • DamageX
                Marketing & Strategy
                • Jun 2001
                • 14293

                #8
                No such thing as a bad investment. Only varying degrees of expensive lessons.
                Whitehat is for chumps

                If you don't do it, somebody else will - true story!

                Comment

                • DamageX
                  Marketing & Strategy
                  • Jun 2001
                  • 14293

                  #9
                  Originally posted by $5 submissions
                  Dude, you're so right on the money. I remember reading Business2.0, forbes, and other articles re "HOW TO VALUATE THE NEW ECONOMY". What bullshit. Either a company makes money or it doesn't. Those articles were writing shit like "New age ways to redefine and revalue the concept of profit." Yeah.... evalue doesn't pay the rent.
                  It pays the erent.
                  Whitehat is for chumps

                  If you don't do it, somebody else will - true story!

                  Comment

                  • $5 submissions
                    I help you SUCCEED
                    • Nov 2003
                    • 32189

                    #10
                    Originally posted by DamageX
                    No such thing as a bad investment. Only varying degrees of expensive lessons.
                    Good attitude. I like that! It's not whether you win or lose, it's whether you learn or not. I'm with ya 100% on that.

                    Comment

                    • Violetta
                      Affiliate
                      • Jul 2004
                      • 28735

                      #11
                      Originally posted by DamageX
                      No such thing as a bad investment. Only varying degrees of expensive lessons.
                      M&A Queen

                      Comment

                      • Doctor Dre
                        Too lazy to set a custom title
                        • Jan 2001
                        • 51692

                        #12
                        Enron should definitly be #1 thought...
                        Originally posted by rayadp05
                        I rebooted, deleted temp files, history, cookies and everything...still cannot view the news clip. All I see is that fucking gay ass music video from "Rick Roll". Anyone else have a different link to the news clip?

                        Comment

                        • Shagbunny
                          Confirmed User
                          • Oct 2007
                          • 3028

                          #13
                          or in Canada, opening up any donut shop other than Tim Hortons

                          Comment

                          • DamageX
                            Marketing & Strategy
                            • Jun 2001
                            • 14293

                            #14
                            Originally posted by Doctor Dre
                            Enron should definitly be #1 thought...
                            You need to learn the difference between bad INVESTMENT and bad MANAGEMENT.
                            Whitehat is for chumps

                            If you don't do it, somebody else will - true story!

                            Comment

                            • Doctor Dre
                              Too lazy to set a custom title
                              • Jan 2001
                              • 51692

                              #15
                              Originally posted by DamageX
                              You need to learn the difference between bad INVESTMENT and bad MANAGEMENT.
                              Lots of people invested in the way the accounting was done as far as energy investements were going. It was supposed to change the way business was done.

                              The ideas behind Enron was probably as bad as the management. Hot hair.
                              Originally posted by rayadp05
                              I rebooted, deleted temp files, history, cookies and everything...still cannot view the news clip. All I see is that fucking gay ass music video from "Rick Roll". Anyone else have a different link to the news clip?

                              Comment

                              • Doctor Dre
                                Too lazy to set a custom title
                                • Jan 2001
                                • 51692

                                #16
                                They are including management problems too... How a business is managed is as good as the business plan behind the business.

                                Pixelon.com: Although Pixelon's money-burn of $16 million isn't remarkable in comparison to the other all-stars on this list, the way it was burnt certainly is. Pixelon's founder, "Michael Fenne" was more con man than entrepreneur, spending most of the company's investment on a Las Vegas launch party peppered with stars like Tony Bennett, Kiss and The Who. Eventually, it came out that Mr. Fenne was actually David Kim Stanley, a man on the run from the law and living in his car, who previously pleaded guilty to swindling $1.5 million from friends and neighbors.
                                Originally posted by rayadp05
                                I rebooted, deleted temp files, history, cookies and everything...still cannot view the news clip. All I see is that fucking gay ass music video from "Rick Roll". Anyone else have a different link to the news clip?

                                Comment

                                • Snake Doctor
                                  I'm Lenny2 Bitch
                                  • Mar 2001
                                  • 13449

                                  #17
                                  Originally posted by $5 submissions
                                  Dude, you're so right on the money. I remember reading Business2.0, forbes, and other articles re "HOW TO VALUATE THE NEW ECONOMY". What bullshit. Either a company makes money or it doesn't. Those articles were writing shit like "New age ways to redefine and revalue the concept of profit." Yeah.... evalue doesn't pay the rent.
                                  Yeah that whole "new economy" thing was ridiculous. All of a sudden profits don't matter because the company is internet based....or people just assumed that eventually our economy would be dominated by internet companies so they better get in now before it got too expensive.

                                  These are the same people that two years ago thought housing prices would rise 25% a year forever so they better buy them up now or else they'd never be able to afford one.

                                  Fundamentals always win in the end.
                                  sig too big

                                  Comment

                                  • Snake Doctor
                                    I'm Lenny2 Bitch
                                    • Mar 2001
                                    • 13449

                                    #18
                                    Originally posted by Doctor Dre
                                    Enron should definitly be #1 thought...
                                    Originally posted by DamageX
                                    You need to learn the difference between bad INVESTMENT and bad MANAGEMENT.
                                    There's also a difference between bad management and crooked management. But that's another discussion altogether.

                                    If Enron was trading at a multiple anywhere near where the rest of the S&P was trading (I think it was around 30 times earnings) then any sane investor should have gotten out.
                                    sig too big

                                    Comment

                                    • Snake Doctor
                                      I'm Lenny2 Bitch
                                      • Mar 2001
                                      • 13449

                                      #19
                                      speaking of fundamentals....S&P 500 closed at 1439 today, this would be a great buying opportunity for anyone who has money in a cash position.

                                      This is definitely a good time to jump into the market.
                                      sig too big

                                      Comment

                                      • DamageX
                                        Marketing & Strategy
                                        • Jun 2001
                                        • 14293

                                        #20
                                        This one's priceless:

                                        Xoma: While many pharmaceutical companies enjoy soaring profits, Xoma isn't one of them. This 26-year old company has not earned a profit since its inception in 1981. In fact, it has run through more than $700 million. Its stock has gone from highs of $32 per share to $3.04. Of course, this company's future is much more promising than many of the other companies profiled in this article. There's still a chance that Xoma will see success, even this far down the road. Perhaps you'll see Xoma on a future list of VC turnaround stories.
                                        Man, you'd think that after 25 years of being a failure someone would learn a lesson and give the fuck up already...
                                        Whitehat is for chumps

                                        If you don't do it, somebody else will - true story!

                                        Comment

                                        • L-Pink
                                          working on my tan
                                          • Mar 2005
                                          • 39151

                                          #21
                                          Originally posted by DamageX
                                          This one's priceless:



                                          Man, you'd think that after 25 years of being a failure someone would learn a lesson and give the fuck up already...
                                          Tomorrow GFY will have nine posters if this advise is followed.

                                          Comment

                                          • teg0
                                            Confirmed User
                                            • Jan 2006
                                            • 4204

                                            #22
                                            Originally posted by DamageX
                                            You need to learn the difference between bad INVESTMENT and bad MANAGEMENT.

                                            Comment

                                            • the Shemp
                                              congrats to the winners
                                              • Nov 2001
                                              • 10891

                                              #23
                                              that tanning salon in Iran didnt go over too well either...
                                              i use Vacares...so should you
                                              Submit your picture galleries to my site...Outlaw TGP

                                              Comment

                                              • $5 submissions
                                                I help you SUCCEED
                                                • Nov 2003
                                                • 32189

                                                #24
                                                Originally posted by Snake Doctor
                                                speaking of fundamentals....S&P 500 closed at 1439 today, this would be a great buying opportunity for anyone who has money in a cash position.

                                                This is definitely a good time to jump into the market.
                                                Thanks, bro

                                                Comment

                                                • minusonebit
                                                  So Fucking Banned
                                                  • Feb 2006
                                                  • 7391

                                                  #25
                                                  The US Dollar is the worst investment going right now.

                                                  Comment

                                                  • $5 submissions
                                                    I help you SUCCEED
                                                    • Nov 2003
                                                    • 32189

                                                    #26
                                                    Originally posted by minusonebit
                                                    The US Dollar is the worst investment going right now.
                                                    I run an outsourcing/offshoring company. Boy, do I know

                                                    Comment

                                                    • clickclickclick
                                                      Confirmed User
                                                      • Jan 2005
                                                      • 1227

                                                      #27
                                                      best investment is self knowledge
                                                      if you need more than 3 clicks to get to a join page, something is wrong ;)

                                                      p.s. i still bring the sales whores here.

                                                      Comment

                                                      • Snake Doctor
                                                        I'm Lenny2 Bitch
                                                        • Mar 2001
                                                        • 13449

                                                        #28
                                                        Originally posted by minusonebit
                                                        The US Dollar is the worst investment going right now.
                                                        A currency isn't really an investment though.

                                                        I'm not saying the dollar is doing well or anything like that....but currency is another subject altogether.
                                                        sig too big

                                                        Comment

                                                        • GrouchyAdmin
                                                          Now choke yourself!
                                                          • Apr 2006
                                                          • 12085

                                                          #29
                                                          21: EpicCash

                                                          Comment

                                                          • Basic_man
                                                            Programming King Pin
                                                            • Oct 2003
                                                            • 27360

                                                            #30
                                                            I did receive checks from AllAdvantage back in the time!! Some good old memories!
                                                            UUGallery Builder - automated photo/video gallery plugin for Wordpress!
                                                            Stop looking! Checkout Naked Hosting, online since 1999 !

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                                                            • lazycash
                                                              Troll Patrol
                                                              • Aug 2002
                                                              • 15214

                                                              #31
                                                              Originally posted by Basic_man
                                                              I did receive checks from AllAdvantage back in the time!! Some good old memories!
                                                              Ah the memories, I had over 80k paid to surf referrals and over 45k referrals with All Advantage, I still have my AA debit card. I remember thinking I was the shit when I could sit and down and surf the web and make $75/hr because of all my referrals. When the stock market crashed in March 2000 it marked the end of most of the paid to surf companies as the IPO was no longer a viable option and all the venture capital funding was yanked. I remember talking with so many execs and it was obvious they were burning through funding and losing a ton, just trying to gain enough signups and exposure to get an IPO and strike it rich.

                                                              Even though it was a bummer when they all died along with my earnings, I credit much of how I learned to market online with my experience with those companies, its where my nick lazycash came from.
                                                              "WTF, on google you can find the answer to every question in human history, EXCEPT how to convert cams..

                                                              Its crazy..."

                                                              VenusBlogger

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                                                              • pornask
                                                                So Fucking Banned
                                                                • Aug 2006
                                                                • 6518

                                                                #32
                                                                it's sad bolt.com had to go out of business. It was a great website I used to frequent a lot.

                                                                Comment

                                                                • $5 submissions
                                                                  I help you SUCCEED
                                                                  • Nov 2003
                                                                  • 32189

                                                                  #33
                                                                  Originally posted by lazycash
                                                                  Ah the memories, I had over 80k paid to surf referrals and over 45k referrals with All Advantage, I still have my AA debit card. I remember thinking I was the shit when I could sit and down and surf the web and make $75/hr because of all my referrals. When the stock market crashed in March 2000 it marked the end of most of the paid to surf companies as the IPO was no longer a viable option and all the venture capital funding was yanked. I remember talking with so many execs and it was obvious they were burning through funding and losing a ton, just trying to gain enough signups and exposure to get an IPO and strike it rich.

                                                                  Even though it was a bummer when they all died along with my earnings, I credit much of how I learned to market online with my experience with those companies, its where my nick lazycash came from.
                                                                  The guys behind it came back....... look up AGLOCO. Not as fat as Alladvantage though.

                                                                  Comment

                                                                  • xxxjay
                                                                    Tube groupie.
                                                                    • Aug 2002
                                                                    • 13482

                                                                    #34
                                                                    I love your posts man. You actually learn something. They are great.
                                                                    http://donttellmehowtoruinmylife.com/ - http://www.jmdigitalmarketing.com/my...s-and-reviews/ - http://www.wouldyouhitit.org - http://shinyobjectreviews.com/

                                                                    Comment

                                                                    • sandman!
                                                                      Icq: 14420613
                                                                      • Mar 2001
                                                                      • 15427

                                                                      #35
                                                                      i remember when amped mobile was all over the tv with ads selling phones to getto people with no credit

                                                                      LOL
                                                                      Need WebHosting ? Email me for some great deals [email protected]

                                                                      Comment

                                                                      • Drake
                                                                        Hello world!
                                                                        • Mar 2003
                                                                        • 12508

                                                                        #36
                                                                        $5 submissions, please never leave GFY. You post some of the coolest articles and share some of the most amazing ideas on here. Keep it up, because "we" do read your threads.

                                                                        Comment

                                                                        • teomaxxx
                                                                          Confirmed User
                                                                          • May 2003
                                                                          • 2737

                                                                          #37
                                                                          Originally posted by Snake Doctor
                                                                          speaking of fundamentals....S&P 500 closed at 1439 today, this would be a great buying opportunity for anyone who has money in a cash position.

                                                                          This is definitely a good time to jump into the market.
                                                                          Maybe there could be short term bounce (or christmas rally), but in the long term this is not definately good time to jump into the market, except companies, who do well in recession times too.

                                                                          "The only two exceptions of a housing recession not leading to economy-wide ones were those during the Korean War and the Vietnam war when a massive fiscal stimulus rescued the economy. What we spent ? or waste ? on Iraq is not sufficient to get that fiscal stimulus; we would need another equivalent of $200 billion fiscal stimulus to do the job."
                                                                          From:
                                                                          http://www.rgemonitor.com/blog/roubini/223214/

                                                                          Comment

                                                                          • pocketkangaroo
                                                                            Confirmed User
                                                                            • Jan 2005
                                                                            • 8452

                                                                            #38
                                                                            Kozmo was actually a fucking awesome service. You could order a latte and some gum and they'd deliver it for you for free. I didn't live in Chicago at that time, but had friends who did. They whored out that service so much that the delivery guys knew their names.

                                                                            Speaking of dot com busts, does anyone remember Flooz? It was supposed to be "internet money". Dumbest fucking idea I've ever heard of.

                                                                            Comment

                                                                            • minusonebit
                                                                              So Fucking Banned
                                                                              • Feb 2006
                                                                              • 7391

                                                                              #39
                                                                              Originally posted by Basic_man
                                                                              I did receive checks from AllAdvantage back in the time!! Some good old memories!
                                                                              AA was the shit.

                                                                              Comment

                                                                              • minusonebit
                                                                                So Fucking Banned
                                                                                • Feb 2006
                                                                                • 7391

                                                                                #40
                                                                                Originally posted by teomaxxx
                                                                                Maybe there could be short term bounce (or christmas rally), but in the long term this is not definately good time to jump into the market, except companies, who do well in recession times too.

                                                                                "The only two exceptions of a housing recession not leading to economy-wide ones were those during the Korean War and the Vietnam war when a massive fiscal stimulus rescued the economy. What we spent ? or waste ? on Iraq is not sufficient to get that fiscal stimulus; we would need another equivalent of $200 billion fiscal stimulus to do the job."
                                                                                From:
                                                                                http://www.rgemonitor.com/blog/roubini/223214/
                                                                                We can always bomb Iran and make up for it.

                                                                                Comment

                                                                                • $5 submissions
                                                                                  I help you SUCCEED
                                                                                  • Nov 2003
                                                                                  • 32189

                                                                                  #41
                                                                                  Originally posted by pocketkangaroo
                                                                                  Speaking of dot com busts, does anyone remember Flooz? It was supposed to be "internet money". Dumbest fucking idea I've ever heard of.
                                                                                  Yeah, I've heard of them. Read an article about them at Redherring. There were tons of Web 1.0 companies, most died. The same will probably happen with Web 2.0 companies.

                                                                                  Comment

                                                                                  • Matt_WildCash
                                                                                    Confirmed User
                                                                                    • Jan 2003
                                                                                    • 1699

                                                                                    #42
                                                                                    AllAdvantage: AllAdvantage offered Internet users 50 cents per hour to watch banner ads on a "Viewbar." Of course, the problem with their business model was that advertisers didn't see the appeal of the low-pay demographic AllAdvantage offered. This company represents $135 million in venture capital down the drain.

                                                                                    Oh boy I remember this one, thinking WTF are they thinking. Sure enough it went out of business big surprise.

                                                                                    Thanks for the post, a cool read.

                                                                                    Try the New XMovies.com and make more $$$ with your Traffic

                                                                                    Comment

                                                                                    • Retributi0n
                                                                                      So Fucking Banned
                                                                                      • Oct 2007
                                                                                      • 393

                                                                                      #43
                                                                                      buying a car is the worste investment you can make

                                                                                      Comment

                                                                                      • DamageX
                                                                                        Marketing & Strategy
                                                                                        • Jun 2001
                                                                                        • 14293

                                                                                        #44
                                                                                        Originally posted by Retributi0n
                                                                                        buying a car is the worste investment you can make
                                                                                        That depends on the car and the price tag, really.
                                                                                        Whitehat is for chumps

                                                                                        If you don't do it, somebody else will - true story!

                                                                                        Comment

                                                                                        • Jayvis
                                                                                          Confirmed User
                                                                                          • Nov 2005
                                                                                          • 5430

                                                                                          #45
                                                                                          ah, kozmo... i bought startup.com at a local dollar store... what a good investment.

                                                                                          Comment

                                                                                          • thonglife
                                                                                            So Fucking Banned
                                                                                            • Oct 2004
                                                                                            • 1566

                                                                                            #46
                                                                                            The Verichip!

                                                                                            http://finance.yahoo.com/q/bc?t=my&s...EIXIC&c=%5EDJI

                                                                                            Comment

                                                                                            • DEA - banned for life
                                                                                              V.I.P.
                                                                                              • Nov 2004
                                                                                              • 7886

                                                                                              #47
                                                                                              epiccash + therealme ...horrible investments !

                                                                                              Comment

                                                                                              • fuhkinglou
                                                                                                Confirmed User
                                                                                                • Jul 2006
                                                                                                • 951

                                                                                                #48
                                                                                                I loved kozmo.com and urbanfetch.com They both went out of business in the same week I think. It was a real downer. I remember a friend telling me about the kozmo beta. All you had to do was log in and they would deliver free ice cream. For like 2 weeks I ate ice cream every other night. And Urban Fetch used to bring fresh baked cookies. AND they didn't accept tips for the delivery. It was awesome. I didn't know her at the time but a friend of mine used to scan in porn movie covers for the kozmo adult rental business.
                                                                                                --------
                                                                                                Whose Your Porn Pal? Want to trade hardlinks?
                                                                                                ICQ - 264-934-933

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                                                                                                • fuhkinglou
                                                                                                  Confirmed User
                                                                                                  • Jul 2006
                                                                                                  • 951

                                                                                                  #49
                                                                                                  Wow. I remember WebVan, too. Talk about a total bust. FreshDirect seems to have figured that market out but I remember reading that most people think it's not a sustainable model.

                                                                                                  I also used to work in the same building as Bolt. We got a lot of their video tape stock in exchange for the debt they owed the place I worked. Everyone who was still working at Bolt was looking at us like we were vultures.

                                                                                                  GOOD TIMES
                                                                                                  --------
                                                                                                  Whose Your Porn Pal? Want to trade hardlinks?
                                                                                                  ICQ - 264-934-933

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                                                                                                  • ShellyCrash
                                                                                                    Confirmed User
                                                                                                    • Jun 2004
                                                                                                    • 6708

                                                                                                    #50
                                                                                                    Oh baby, the Cue Cat!



                                                                                                    They did a whole TV campaign and were giving these things out for free.. man- I saw failure written all over that thing a mile away. It did remind me of a picture pages type book I had when I was younger that seemed to use similar technology

                                                                                                    Start making money with the hottest hookup site!
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