content: The whole article is pretty lame. There had to have been thousands of failed projects that burned through millions in VC each. Those pictures do not do the overspending and general insanity justice. Not only were there failed projects like WebVan but there were loads of copy cats. For every bad idea there were 5 other people trying to do the exact same thing with a slightly different name.  Money got pissed away on anything and everything. Computers, office furniture, employee lounges. If you could find a way to spend 10x more than was necessary, that's what you did. Ridiculous salaries paid to extremely under qualified people. Though that last put a big strain on existing companies who then had to compete for people with these absurd startups. Why work at Microsoft when you could go to some stupid startup and make double? Who cares if it dies in a year - everyone is hiring. You'll just get another job.