We use cookies to provide you with a better experience. If you continue to use this site, we'll assume you're happy with this. Alternatively, click here to find out how to manage these cookies

hide cookie message
78,785 News Articles

210 dotcom companies closed in 2000

Business to consumer claimed three quarters of the body count

The dotcom casualty count looked like headline fodder for weeks during the latter months of 2000.

Now a new study confirms that approximately 60 percent of the dotcom deaths occurred during the fourth quarter of the year as funding quickly began to dry up.

In total, 121 of the estimated 210 dotcom deaths in the year 2000 happened between October and December, according to a study by Webmergers.com released on Wednesday.

At least 40 Internet companies shut their doors during December and another 46 called it quits in November.

Those shut down in December had received £1 billion in venture capital funding and other private and public investment, the study reports.

At least 25 percent of the December shutdowns are seeking to sell their assets or to reorganise through bankruptcy filings, Webmergers found.

Of the dotcom deaths, about 75 percent, or 157 companies, offered products or services for primarily a consumer audience. Another 21 percent had a business clientele and the remainder had a blend of both.

E-commerce companies accounted for 109 shutdowns or just over half the total closures. Content properties made up 30 percent of the total deaths, while infrastructure and online service companies made up the remainder.

Just more than 30 percent of the shutdowns took place in California, while Western Europe took more than 11 percent of the brunt.


IDG UK Sites

5 things we want to see in Android M: New features and fixes

IDG UK Sites

iPad mini 3 release date rumours: 'iPad mini Air' will be 30 percent thinner than current model

IDG UK Sites

Introducing generation tech

IDG UK Sites

This animated film reveals the importance of designing for everyone