Feeds

Dotcom Death Race 2000

£1.5bn venture cap cash down the drain

  • alert
  • submit to reddit

Providing a secure and efficient Helpdesk

More than 200 dotcoms bit the dust last year, with up to 15,000 jobs lost worldwide.

Almost 60 per cent of the 210 closures took place in the fourth quarter - 40 Internet companies closed their doors in December, and 46 in November. In total they represented $1.5 billion of venture capitalist and private investment down the drain, according to Webmergers, a research firm.

Somewheer between 12,000 and 15,000 staff lost their jobs, but this doesn't include layoffs from dotcoms still in business.

California was hit worst when the bottom fell out of the e-biz market - 30 per cent of the closures last year were based there, while eleven per cent were in Western Europe, and ten per cent in both New York and Massachusetts.

The majority of the doomed companies were in the business to consumer sector (75 per cent), while 21 per cent were based on a B2B model. More than half were e-commerce outfits, with 29 per cent flogging content and 13 per cent in services.

High profile deaths included the likes of Boo.com, Pets.com, Eve.com, Clickmango.com, Boxman.com, and Foodoo.com. ®

Related Stories

Pink slips rain on dotcom parade
Eve.com goes titsup.com
Super Bowl is dotcom kiss of death
Mothernature dies, Pets.com put down
Noose tightening for dotcoms - 21 deaths in last fortnight
New York VC warns of more public dotcom deaths

Providing a secure and efficient Helpdesk

More from The Register

next story
Phones 4u slips into administration after EE cuts ties with Brit mobe retailer
More than 5,500 jobs could be axed if rescue mission fails
Driving with an Apple Watch could land you with a £100 FINE
Bad news for tech-addicted fanbois behind the wheel
Special pleading against mass surveillance won't help anyone
Protecting journalists alone won't protect their sources
Phones 4u website DIES as wounded mobe retailer struggles to stay above water
Founder blames 'ruthless network partners' for implosion
Radio hams can encrypt, in emergencies, says Ofcom
Consultation promises new spectrum and hints at relaxed licence conditions
Big Content Australia just blew a big hole in its credibility
AHEDA's research on average content prices did not expose methodology, so appears less than rigourous
EMC, HP blockbuster 'merger' shocker comes a cropper
Stand down, FTC... you can put your feet up for a bit
Vodafone to buy 140 Phones 4u stores from stricken retailer
887 jobs 'preserved' in the process, says administrator PwC
prev story

Whitepapers

Secure remote control for conventional and virtual desktops
Balancing user privacy and privileged access, in accordance with compliance frameworks and legislation. Evaluating any potential remote control choice.
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.
WIN a very cool portable ZX Spectrum
Win a one-off portable Spectrum built by legendary hardware hacker Ben Heck
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Beginner's guide to SSL certificates
De-mystify the technology involved and give you the information you need to make the best decision when considering your online security options.