We look back at 50 start-ups to watch, 1998-2003
In the corporate graveyard
Four companies – two from 2000 and another duo from 2001 – bit the dust within roughly one year of being named as start-ups to watch.
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2nd Century Communications | | Selected in 2000. | | | Competitive local, long-distance, Internet access, e-mail and Web hosting services. | | | Quietly exited the market in June 2001. |
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| | Adero | | Selected in 2000. | | | Web content distribution. | | | Ceased operations in August 2001. Colt Telecom Group, of London, acquired the company’s technology platform and other assets. |
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Cereva Networks | | Selected in 2001. | | | Monolithic storage array. | | | Ate up more than $160 million in funding before officials pulled the plug on it in June 2002. The company never produced a product. |
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CoreExpress | | Selected in 2001. | | | VPN service that would offer performance guarantees across multiple ISPs. | | | Despite $573 million in funding, CoreExpress failed. Williams Communications bought CoreExpress’ assets in a private foreclosure in December 2001. |
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Key: | = Year named to 10 to watch list | | = Product/ services | | = Financial information |
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