Indeed, for hundreds, maybe thousands of Internet companies founded with big ambitions, it is becoming time to go home. The trickle of failures that has steadily accompanied the growth of the Internet is now turning into a flood. In October alone, no fewer than 17 Internet businesses closed, including sites with names like Eve, Kibu, Productopia, Scour, Chipshot, WebHouse Club and iBelieve. And experts foresee an acceleration in the months ahead, as hundreds of Internet companies simply run out of money.
http://www.nytimes.com/2000/11/06/technology/06DOT.html


In the last weeks of September, the employees at Productopia.com were optimistically gearing up for the holiday season, writing and publishing product reviews — the site's stock in trade — at a rapid clip. The company was continuing to hire to fill its large fourth-floor suite and was doling out raises to several employees, suggesting things were going smoothly and good times lay ahead.

And they did — for about a week. Behind the scenes, Productopia's managers were in a frantic scramble, knowing they had nearly exhausted $22 million in venture capital. Collectively, the venture firms backing the site had concluded that they would not stake the company further unless it could attract new backers willing to risk investing in a product-review site — a category now shunned by the initial public offering market, and thus without an obvious and lucrative way to cash in.
http://www.nytimes.com/2000/11/06/te...gy/06PROD.html


AND: The online retailer Furniture.com Inc. has folded, saying it was unable to secure enough capital to continue operations.
http://www.nytimes.com/aponline/busi...Furniture.html


AND: The rumour now is that www.politics.com will go out of business tomorrow! Never caught on!


The predicament mirrors that of dot-com businesses throughout the area and nationwide. With the spigots tightened on venture capital, struggling Internet start-ups are giving up on shopping themselves to potential investors and instead seeking potential buyers.
http://www.washingtonpost.com/wp-dyn...-2000Nov6.html

Today, MotherNature.com is gone too!


AND:

As part of X.com's continuing product shift to focus exclusively on our
industry-leading online payment service, PayPal, we are ceasing operation
of the X Finance business, including the Internet banking division of
First Western National Bank ("FWNB"), as of December 1, 2000. Please
close your FWNB account by following the instructions at

https://secure.finance.x.com/account_closure.asp.

Accounts not closed by December 1, 2000, will be closed by us on that date and the balance mailed by check to the most recent address that you have provided.

AND: The dot-com shakeout has hit a new level of intensity, as private companies fold faster than ever and once-high-flying public companies teeter on the brink of disaster.
http://www.nypost.com/business/15296.htm

[This message has been edited by doc (edited 11-09-2000).]