CNET recently published a list of the top 10 dot-com flops, and after reading through the list, I could only think the list was contributed to by the folks at Fucked Company. Simply put, nobody seemed to herald any part of the ideas, and I believed some of the companies actually had some merit.
Read through the list, and ponder these points:
– What is not hot right now could very well be hot a few years later – trends matter
– Business models are often remade for changing times, much the same as major motion pictures are
– Getting the word out is hardly ever a bad thing
– Technology breeds efficiencies, despite what your IT director says about that ERP implementation
– Being spendthrift almost always causes pain down the road
Big failures should lead to learning, or does the free flow of capital simply dumb people down? Certainly, all of CNET’s top ten suffered from one “ailment” – an awful lot of money.
Douglas Adams said “Human beings, who are almost unique in having the ability to learn from the experience of others, are also remarkable for their apparent disinclination to do so.”
I wonder what the next list of flops will look like, and who will make the next billion off of someone else’s “failed” idea.