4. LetsBuyIt.com

What Was It: Online group buying service.

Launched: 1999

What Went Wrong: Rigid focus on consumer packaged goods from big companies ignoring the local services. Non-existence of social networking websites for promoting offers.

Who Adopted The Idea Later: Groupon adopted the concept and modified it for the glitches. It is currently the fastest growing company.

Summary: A poorly planned venture that lacked the strategies that could have made it to the list of fortune companies. Its focus on big companies with complete ignorance of the local services acted completely against its favor.

3. LoudCloud

What Was It: First to introduce Cloud computing.

Launched: 1999

What Went Wrong: Nothing in particular went wrong with LoudCloud apart from the fact that it was way too visionary for its time.

Who Adopted The Idea Later: Amazon and several other cloud providers.

Summary: LoudCloud was the most futuristic startup ever that was focused on providing cloud storage to small and big companies during a time when cloud was still seen as a cotton ball in the sky. It is only now that people are seeing the importance of cloud in today’s world.

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