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  1. #1
    SitePoint Wizard wdmny's Avatar
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    Where did the money (capital) go?

    After all this dot-com fallout, I have been reading about how much money these companies totally wasted. What I still cannot figure out is, how can someone totally waste hundreds of millions of dollars? I know that they wasted a good deal on entertainment and expensive furniture, but still, where did the rest of it go? Some of these companies had fairly simple business premises and I figure could have been established for far under the amount that they were given.

  2. #2
    + platinum's Avatar
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    I think those gold plated mouse/keyboard combinations really did it... not to mention the diamond encrusted buttons on those thinks.....

  3. #3
    SitePoint Wizard Ian Glass's Avatar
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    Throwing gerbils into walls... That's where all the money's gone.

  4. #4
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    Dont forget the large expensive houses situated on exotic islands for each employee.

  5. #5
    SitePoint Zealot sonique's Avatar
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    Oh oh, don't forge the Platinum Cheesegraters for hood ornaments.......excuse the pun
    jmulder[THE MENTOR]'s nice guy online!
    Rig: AMD Athlon 800mhz; 384mb SDRam; 32mb nVidia @ 1024x768; ie 6; Windows ME; 15 gig; Cd-RW

  6. #6
    SitePoint Wizard iTec's Avatar
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    a big part of were the money went is staff, or more to the point excess staff, then you have the parties (ie: boo.com) and on the back of having to much staff, high outlay for equipment you also have no revenue being generated...

  7. #7
    SitePoint Wizard Ian Glass's Avatar
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    I think, a few months ago, NightLine did a multi-part series about new Internet companies (post .bomb) and how much harder it was to secure capital. The capitalists thow away some good ideas, because they were afriad of gitting burrned agian.

    People got caried away the first time; the venture capitalists didn't want to go there agian.


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