Via: MBA Online
Tag: dot com
Fourteen Greatest Dot Com Bombs
Start-Up Flops: Fourteen Greatest Dot Com Bombs
Heres how some of the biggest new ventures crashed, and burned millions in the process.
Ampd Mobile: $360 Million Burned
Created to provide youth with entertainment through their cell phone provider. Ampd Mobile advertised heavily from the beginning. Ampd sponsored parties and festivals, as well as Snoop Doggs football league. The company gained customers, but encountered problems with bill payment, with nearly half of their customers defaulting on bill payment. Time in business: <2 years