The 50 Worst Internet Startup Fails of All Time

50. Pixelon

Year Of Birth: 1998
Year Of Demise: 2000
CEO: David Kim Stanley
Founded By: David Kim Stanley

Pixelon promised the transmission and distribution of high-quality video over the Internet. The company’s founder, David Kim Stanley, was a convicted white collar criminal who was using the alias “Michael Fenne.” The company drew headlines for its Las Vegas launch party, which featured over-the-top musical performances by KISS, Tony Bennett, The Who, and LeAnn Rimes at a reported cost of over $16 million. Shortly after, it became clear that the company was a fraud, boasting mostly misrepresented technology and serving as a personal embezzlement factory for Stanley.

blog comments powered by Disqus