Maybe not 10m, but Kozmo comes to mind. They raised $250mm They had huge demand but expenditures were too high (doing stupid stuff like delivering packs of $0.5

Maybe not 10m, but Kozmo comes to mind. They raised $250mm They had huge demand but expenditures were too high (doing stupid stuff like delivering packs of $0.50 gum) Also, Groupon? :D