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Downside®
press
reports
Excerpts
from reviews
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1.15.2001
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Deathwatch:
Sites in Free Fall
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COMPANY |
2001
PROJECTED
DEATH DATE*
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ESTAMP.COM |
FEB.
11 |
DRKOOP.COM |
MAR.
4 |
PRICELINE.COM |
MAR.
18 |
ETOYS.COM |
APR.
1** |
DRUGSTORE.COM |
JUNE
26 |
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*
Burn rates computed from SEC filings
Jan 1 to Sep 30, 2000
**
Based on SEC filings information
April to September 2000
DATA:
WWW.DOWNSIDE.COM/DEATHWATCH.HTML
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This
box appeared on page 10 of Business Week for January
15, 2001. One of the companies mentioned was somewhat
annoyed. We'd prefer a bit more explaination of
how Deathwatch works when quoted in the press. |
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10.31.2000
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"Click on the depressing
Downside.com, which tracks the "death dates" of Internet
companies, and look up two of the sector's biggies --
Engage and 24/7 Media. Downside examines the cash in the
business, the quality of the revenue coming in the door,
and the costs walking out the door. Unless these companies
go out and raise new money -- and this is the toughest,
harshest market for doing so in a decade -- Downside.com
reckons outfits like Engage and 24/7 Media won't be around
this time next year." |
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12.6.2000
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"Who among us can't help
but revel in the misery? For the survivors and sufferers
alike, there's no better place to experience the God-awful
truth than www.downside.com/deathwatch.html, home to cartoons
of leering vultures, dopey daytraders, ledge-jumping maniacs,
and the hard-nose investing sensibilities of John Nagle,
an Internet pioneer and Silicon Valley-based new-media
animator, who transformed his incredulity over wild-eyed
dot-com valuations into a lusciously arch and informative
Web site." |
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11.27.2000
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"Following last summer's
fuckedcompany.com,
a host of sites sprang up to toll the bell for businesses
that had exhausted their venture capital. This
page - part of a larger site devoted to market-related
pessimism - offers a less giddy variation on the same
theme; it uses S.E.C. reports to calculate the date when
a company's cash flow will peter out. By Downside's calculations,
the search engine AskJeeves.com
will run out of money in April of next year, and the digital-music
giant MP3.com in May. Still, poisoning the well is a tricky
business. Remember Mithridates;
he died old." |
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10.30.2000
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"Downside, 'the investor's
reality check,' was chosen mainly on the strength of it's
opening graphic, which is equally disturbing and hilarious.
You'll also find an array of downward curving charts,
discussions of Danish tulip crazes, and obituaries masking
as business reports. " |
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