Oh wow. One of the most enduring jokes of the dotcom bubble period are the pet food startups that tried to make money selling really heavy bags of food online. Amazon.com-backed Pets.com, for example, raised $82.5 million in an IPO in February 2000 before collapsing nine months later.
I mean, really bad idea startups are launched every day. But back then they’d get $100 million in capital and an… → Read More