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 funding. 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. tember 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.
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