#9 Kozmo.com

Kozmo.com was a venture-capital-driven online company that promised free one-hour delivery of "videos, games, DVDs, music, mags, books, food, basics & more" and Starbucks coffee in several major cities in the United States.

It was founded by young investment bankers Joseph Park and Yong Kang in March 1998 in New York City. The company is often referred to as an example of the dot-com boom.

But free delivery and no minimum purchase became causes for company’s failure. Kozmo.com had to withdraw plans for an initial public offering in the summer of 2000, citing unfavorable market conditions and losses of $26 million in 1999.

The company laid off 900 of its 2,000-person workforce and instituted a $10 minimum charge in the first quarter of 2001, but it was forced to shut down its service in April 2001.

You can see remnants of its business model in things like in-store pickup, NetFlix, and Dominos’ online ordering system.

Also Read: Unknown Facts About 15 Richest Tech Titans and  15 Richest Internet Entrepreneurs Of All Time