Talking Bitcoin: Financial Shortcomings or Financial Success?

Talking Bitcoin: Financial Shortcomings or Financial Success?

In late 1999, the online consumer fashion website Boo.com launched on the world wide web. Hampered by problems such as a bandwidth-heavy site trying to strike it big when internet-users had dial-up modems, exclusion of Mac users in general, and poor customer service, the website was liquidated by May 2000. So how much venture capital did the company blow through in that 6 month period? $188 million. Splurging on this level was achieved as the owners of Boo.com traveled by Concorde, indulged in expensive London offices, and employed over 300 staffers. Add the shortcomings of the website,....


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