People say hindsight is 20/20. When it comes to the Web, hindsight is more like X-ray vision: In retrospect, it’s easy to see what was wrong with dot coms that tried to make a business out of giving stuff away for free (but making it up later in volume), or to make fun of venture capitalists who handed millions to budding Web titans who had never run a lemonade stand before, let alone an enterprise.
Luckily, we did not make the list this time around. MySpace, BonziBuddy and Hampsterdance did though.