Mobile Shopping Portal Dash.com Shuts Down
- 26-Jun-01 |
By
Ryan Naraine
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With the bulk of its revenues coming from struggling e-commerce plays, the software outlet's thinning margins eventually spelled the end.
After raising and burning through approximately $50 million in venture
capital funding, New York-based software firm Dash.com has shut down and put its assets up
for sale.
Dash.com, which built the downloadable "Dashbar" product that offered pop up discounts to Web shoppers, has laid off its remaining 23 employees and a skeleton crew, including CEO Dan Kaufman is actively shopping the company's technology.
The company's backers included the Omnicom Group, AT&T Ventures, JP Morgan Investment Corporation.
At its peak, Dash.com employed upwards of 100 employees in the Alley but with the bulk of its revenues coming from struggling e-commerce plays, the company's thinning margins meant that a shutdown was inevitable, according to a spokesperson.
Dash.com's merchant partners included art.com, jcrew.com, barnesandnoble.com, and PC maker Dell.
Reprinted from atnewyork.com.
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