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Author: | Ante, S. Weintraub, A. |
Title: | Why B2B is a scary place to be |
Journal: | Business Week
2000 : SEP 11, VOL. 3682:1012, p. 36-37 |
Index terms: | AMERICA INTERNET CHEMICAL INDUSTRY |
Language: | eng |
Abstract: | There are far too many online business-to-business exchanges chasing too few dollars. On July 11, Chuck Steinberger summoned the 31 employees of his Internet company to give them bad news: the company was closing - immediately. A planned merger had fallen through, and venture capitalists had pulled $10 million in promised funding. But this wasn't the predictable demise of another pet-supply or teen-wear site. Industrialvortex.com was a business-to-business (B2B) exchange serving the $300 billion market for motors, valves, timers, and other industrial parts. |
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