7 Dumbest VC Investments Ever

By Alp Arslan,  Newser User
Posted Aug 13, 2010 6:22 AM CDT
Promoted on Newser Aug 13, 2010 9:29 AM CDT

(User Submitted) – So much to choose from; such a short list. Weighing in as the heavyweight champion of all time among venture capitalist bombs—Webvan, the brain-dead effort to use the Internet and a series of high-tech warehouses to deliver low-margin groceries. But at least there was a there there.

Also on the list are Swedish fashion start up boo.com, fake currency company Flooz, and the savior of newspapers, the inimitable CueCat, which read barcodes printed in newspapers, though no one ever figured out why this was useful. For the complete list, including the company that in 2000 CNET called "the latest high- profile dot-com disaster," read the full article in Focus.

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