Computer.com

Computer.com was a short-lived dot-com company founded in 1999. After spending half of its $7 million in venture capital on ads during Super Bowl XXXIV, it was sold to Office Depot in 2000.[1] It is significant as a case study for business historians and others interested in the dot-com bubble.

History

Prior to 1999, the domain computer.com was owned by Gary Kremen, who sold it for $500,000.[2][3] In 1999, Mike Ford and Mike "Zappy" Zapolin founded Computer.com as a general-purpose website to teach people about various aspects of computing.[1] After raising $7 million in venture capital,[note 1] Computer.com partnered with an advertising agency to create three Super Bowl advertisements six weeks before the game started.[1] Initially, they were dismayed, as due to their late entry, their time slot was located at the end of the game, at the two-minute warning. However, thanks to the closely contested game, the advertisement became one of the highest-rated of all time.[1]

After Super Bowl XXXIV, the company secured "an additional $2 million in a second round of funding."[4] In late 2000, the company was sold to Office Depot.

Operation

It is unclear whether Computer.com ever turned a profit or delivered any kind of actual service to consumers.

See also

Notes

  1. CNet.com gives the company's initial capital as $5.8 million.

References

  1. Shroeder, Charlie. "The Dot-Com Super Bowl" Archived 2016-02-03 at the Wayback Machine, Weekend America, 2 February 2008. Accessed February 26 2014.
  2. "Internet Archive Wayback Machine". Web.archive.org. Retrieved 2017-01-17.
  3. "Gary Kremen | The Brutal Battle for Sex.com". Sexdotcom.com. 1963-09-20. Retrieved 2017-01-17.
  4. Sandoval, Greg. "Start-up with pricey Super Bowl ad goes bust", Cnet.com\\, 14 June 2000. Accessed February 28 2014.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.