Hi Dien --

Just some obvious observations:

1) Too much money. Most of these companies found it way too easy to attract way too much money.

2) Grossly inflated overhead & perks, just because the money was there to spend.

3) An over-dependence on non-sustainable business models.

4) Hyped up projections... And the fact that they believed their own hype.

There's a few to start with. : )

Best Wishes,
Jim Erskine
Homeway Press




Some great LOCAL business ideas for you!