4 ms·

Pets.com was also overvalued, right? It's easy to see the winners in hindsight.

• wuliwong 8y ago
  It went out of business in 2000 so I guess any valuation over zero turned out to be too high?
• coldcode 8y ago
  Pets went out of business trying to ship heavy dog food for free. But today the logistics for that actually exists. Often it doesn't pay to be too early. If you are too early you need more cash to stick around until you are proven right. Webvan was another example, today food shipping businesses are everywhere (whether they make money or not one can argue) but back then they were too early and tried too hard before the logistics worked.
  • JohnFen 8y ago
    > Often it doesn't pay to be too early As the old adage goes -- the pioneers get all the arrows.
    • Atheros 8y ago
      The second mouse gets the cheese.
• mrnobody_67 8y ago
  Chewsie sold for $3.35 billion recently...