The great corporate graveyard is filled with hundreds, maybe thousands, of technology companies that managed to go public and then fizzled. Still, most of them weren’t going anywhere and never should have gone public to begin with.
But venture capitalists funded them, investment banks underwrote them, analysts wrote glowing reports about them, and you and I bought into it, gullible lemmings that we are. Sorry for being such a negatron; that’s just the way it is.
Anyway, what’s different about these ten companies is that they were once important, maybe even exciting. And now, for one reason or another, they’re fading slowly and tediously into obscurity. Like people, most companies go out, not with a bang, but with a whimper.
Depressing, isn’t it?
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Original post by Steve Tobak and software by Elliott Back
