#2 The 3DO Company

The 3DO Company was a video game company, founded in 1991 by Electronic Arts founder Trip Hawkins.

It was the very first CD-ROM based console system and was capable of 32-bit processing. The console’s high price tag and minimal game library caused it to fail, but it made 3D console gaming with high quality textures a reality, further perfected by Sony’s Playstation and Sega.

After 3DO's flagship video game console the 3DO Interactive Multiplayer failed in the marketplace, the company exited the hardware business and became a third-party video game developer.

#1 America Online

AOL is best known for its online software suite, also called AOL that allowed customers to access the world's largest "walled garden" online community and eventually reach out to the Internet as a whole. At its prime, AOL's membership was over 30 million members worldwide, most of whom accessed the AOL service through the AOL software suite.

Without this mass adoption rate, the internet wouldn’t be what it is today. The company though not a failure yet, but it’s struggling for survival.

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