11 troubled Web companies: The next Kozmos?

"We are going to lose some good companies." That's the warning cry from investors in tech these days. Some we won't miss, of course: the lame, me-too, or single-featured "products" masquerading as businesses. But be prepared. Some Web 2.0 start-ups that are well-loved by many are in serious danger of falling off the cliff. The problem is that being loved is no guarantee for success. Even being used isn't enough. Remember Kozmo, the munchie messenger service from the last bubble? Not a person who used it didn't love it. In the interest of building a user base, the company was OK with losing money on every transaction in its early days. But when the time came for it to become a real business, it was too late. It couldn't transition to a viable company, and it folded. It was a tragedy. Here, in no particular order, are 11 online... [read full story]