Worst Venture Capitalist Investments

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Caspian Networks

caspian networks, venture capitalist, fundsCaspian Networks raised around $300 million in funding, shut down its business in 2006. Originally founded as Packetcom, Caspian has around 323 employees but the number dwindled to less than 100 when the company filed for bankruptcy. Caspian raised around $85 million in series C round of funding from Merrill Lynch & Co., ABN AMRO's private equity arm and many others. In 2005, Caspian raised $55 million in private equity, bringing its total funds to $300 million, and hoped to become profitable. The company invested in core routing, P2P networking, and net neutrality, which saw the investors pull out.
 
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