Frontier -- In Box
TABLE: How Mortal These Portals Be
If running a small business is tough, selling to one is even worse. Witness
these dot-coms, all of which hoped to make a buck off entrepreneurs. Not that
it's all the Net's fault. In January, Office Depot said it will close 70
real-world stores and cut sales staff 10%.
THE COMPANY THE DAMAGE THE BACKERS
HOTOFFICE TECHNOLOGIES Shut down Staples and Intel contributed
Hosted intranets in December the bulk of $20 million in
BIZBUYER.COM Shut down CMGi, Staples, Intel, Excite,
Online request-for-quote in December eCompanies, MSDW Strategic
service Ventures, and Redpoint Ventures
joined to raise $68 million.
Now, $35 million will be
returned to investors.
BIGSTEP.COM More than 30 Worldview Technology Partners,
Web hosting laid off in InterWest Partners, Compaq,
December Office Depot, U.S. Venture
Partners, Argus Capital, and
The Washington Post Co. have
anted up $65 million.
ONVIA.COM Laid off 180 Public shareholders. Stock
Online exchange in December; slumping to $0.875, from high
85 in Sep- of $78 in March.
ALLBUSINESS.COM Spun off to NBCi.com paid $225 million for
Small-business portal Bigvine.com Allbusiness.com a year ago, when
NBCi stock was trading at over
$100 a share. Now it's around
$3.50, and NBCi itself is worth
just $280 million.
Edited by Kimberly Weisul