Tag Archives: Dot Com Bust
The Legal Implications of Down Rounds
Posted on 18. Dec, 2001
Interesting article from Nick Humphrey: "The virtual collapse of the technology sector and plummeting public markets have seen many venture backed technology companies forced to raise funding at a deep discount to earlier rounds. These so called "down rounds" or "wash-outs" present venture capitalists with a minefield of commercial and legal issues, including the risk of law suits by disgruntled minority shareholders claiming oppression or conflict of interest. This article aims to give venture capitalists an overview of down rounds, an analysis of the key legal risks and risk management techniques."
http://australia.internet.com/...
An Engineer’s View of Venture Capitalists
Posted on 02. Sep, 2001
[Recycled from Slashdot]
http://www.spectrum.ieee.org/...
Bargain basement
Posted on 10. Jul, 2001
Busy time for the .au dot-com dead pool, the GoFish auction website to cease trading this month, Adultshop shares plunge as ASIC investigates and yesterday an unknown Brisbane dotcom offered $615,000 for dStore.
Overseas, US online grocer Webvan, with around 2,100 staff ceased operations, where-as Priceline, a dotcom many thought would fail long ago was actually upgraded from neutral to accumulate by Merrill Lynch yesterday.
Mills Harding appoints administrator
Posted on 29. May, 2001
Shame, definitely one of the cooler recruiting firms around due to their regular industry networking/drinks night, Domain. Some may knock the Mills Harding, but at least they're out there trying to create a more interesting and social industry to work in through informal gatherings of like minded Internet industry people. Good news is, that even though Mills Harding is closing down, the Domain gatherings will continue!
http://itjobs.mycareer.com.au/...
Amusing — Back the Net
Posted on 02. Apr, 2001
Err.. why am I even making a post about it, it's such a joke. Amusing most of the logos on the site represent companies that are likely go tits up within the next 12 months for all the usual reasons. Although, none of them have swoosh logos. Have all the companies with swoosh logos gone under already? That'd be an interesting study. Hrmm.. I need more coffee, I'm rambling.
http://www.iconocast.com/...
Doing Time @ Amazon.com
Posted on 30. Mar, 2001
"Actor and playwright Mike Daisey worked for Amazon.com during two of its tumultuous early years. Now, his Non-Disclosure Agreement (NDA) has just expired, allowing him to tell the real story of Amazon.com?how he learned to slavishly love idealistic mouthbreathers, sixty-hour weeks, and the cult of personality that is Jeff Bezos. His new one-man stage show, 21 Dog Years: Doing Time @ Amazon.com, chronicles these adventures." [via TT]
http://www.mikedaisey.com/...
Pinkslip
Posted on 23. Mar, 2001
An amusing FuckedCompany Flash game, see how many staff you can fire from your dot-com before your stock crashes.
http://www.fuckedcompany.com/...
Red Face for the Internet’s Blue Chip
Posted on 12. Mar, 2001
Long New York Times piece on Yahoo. [via Dack.com]
http://www.nytimes.com/...
Ignore the IT Gloom Merchants
Posted on 26. Feb, 2001
Bill Bennett: "Talk about an overreaction. Suddenly the mainstream media is awash with doom and gloom stories about the information technology sector. And by some unclear process of extrapolation this has extended to a general mood of disquiet about the entire knowledge economy. It's important to keep things in perspective."
http://www.knowledgeworkers.com.au/...
Disney’s Michael Eisner talks internet
Posted on 08. Feb, 2001
Amusing: "It cost us about $150 million to fail at Go.com. But now this company is fluent in the Internet vocabulary. Yes, we lost $150 million in hard cash. But we gained half of two companies and a lot of knowledge." [via Davenetics]
http://news.cnet.com/...
FC’s Super Happy Fun Slander Corner! (yawn)
Posted on 07. Feb, 2001
General observation about FuckedCompany.com: idiots attract idiots. Although the author has gained much fame in the industry for FuckedCompany.com, and arguably provides a good, if not entertaining insight into the demise of the dot-coms. It's still one of the most poorly written sites around, I can't stand to read it more than once a fortnight, before I'm overwhelmed with anger over the lack of grammatical skills and general low intelligence demonstrated by the author. The forums are now almost as bad as Slashdot with this particular thread (linked above) of 710 comments on Razorfish attracting so many useless posts it's incredible. The author certainly doesn't deserve the amount of media exposure he's been getting lately and the site continues to attract a lower and lower class of reader.
http://www.fuckedcompany.com/...
salon.com: The day I killed my dot-com
Posted on 15. Dec, 2000
Jennifer Jeffrey: "The dismal reality of layoffs can be just as hard on the person who wields the ax as it is on the employees who are fired."
http://www.salon.com/...
dstore: Fool’s Gold
Posted on 11. Dec, 2000
Niki Scevak - australia.internet.com: "The lesson to be learned from dstore's demise is less to do with the perils of e-tail, than the dangers of youthful inexperience - particularly in the areas of offline strategy, marketing and financial control."
http://australia.internet.com/...
Radio ga-ga (Part One)
Posted on 11. Dec, 2000
Craig Liddell - australia.internet.com: "It's been a tough year for Internet radio. After only two months, Talk Australia failed to secure enough funding to stay on-air, youth portal K*Grind is floundering despite talks of a deal with New Tel, and Bigfatradio went bitfatbust, also after only a couple of months on-air."
http://australia.internet.com/...
LibertyOne: No Encore This Time
Posted on 11. Dec, 2000
Niki Scevak - australia.internet.com: "LibertyOne has been placed into voluntary administration following due diligence carried out by the iReality group. Like a heroine in an Italian opera, LibertyOne has dragged out its inevitable death for far too long."
http://australia.internet.com/...
MarchFirst Sends Smoke Signals
Posted on 10. Dec, 2000
The Standrard: "The Chicago-based company is burning through its cash. And with no new financing or a buyer, it may have only enough free money to make it through next week's payroll."
Note, the bi-weekly payroll is US$30 million for the 8,900 employees in 16 countries.
http://thestandard.com/...
Happy marchFIRST employees come together
Posted on 10. Dec, 2000
There are some true gems in this discussion thread with current and former employees of marchFIRST. I couldn't help but laungh at this particular piece of slander between two employees: "Die, you leperous, inbred goat-blowing dick maggot."
http://www.fuckedcompany.com/...
Trade halted as Internet company waits for new funding deal
Posted on 27. Nov, 2000
Spike Networks went down to a record low of 14c on Friday, things aren't looking good. Although they're likely to get a cash injection from the CyberWorks deal, prolonging the company's slow death.
CNET: MarchFirst warns of cash shortfall
Posted on 24. Nov, 2000
You may recall MarchFirst was the US company selected to do the interface development for one of the major B2B alliances being established here in Australia. I wonder if they'll pitch in the $50 million US required to keep them liquid for the next 6 months.
http://news.cnet.com/...
Dot-Coms: What Have We Learnt?
Posted on 27. Oct, 2000
Fortune: "Dot-coms soared. Dot-coms crashed. Somewhere in between we uncovered 12 truths about how the Net really changes business." [via CMc]
http://www.fortune.com/...
