Here's the story behind the company's fatal slide. The hard lessons learned by the big dot-bombs of the past year will end an era of unrealistic expectations and usher in a new one of sound business models. Internet hotshots reflect on where all the money went. The collapse of Scout Electromedia proves there's still a big difference between great products and good business. The Boston Globe Forget fables of fabulous wealth.
Failure is now in fashion.
Once considered gods of the new economy, venture capitalists heartily endorsed some of the most disastrous excesses of the dot-com era. The turbulence surrounding AviationX serves as a cautionary tale for any Web startup challenging established corporate giants. The Industry Standard Andrew Keen sold his house to fund his dream. Then his dream died. In no sector of the technology business have more companies with less revenue been acquired for richer sums than in communications equipment.