CyberShop Becomes a VC
from the uh-oh dept
A new pattern is beginning to show up in failed e-commerce ventures: they are shutting down and turning themselves into VCs or incubators, assuming that their failed experience will help them start up others. This is what happened (to some extent) last week with Perfumania, and now it’s happening with CyberShop. I think it’s a bit odd, but investors seem to like it. You have to wonder these days if there’s any real business outside the investment business.
