Subscribe to Entrepreneur for $5
Subscribe

Ding!

Time's up for the illusion that dotcom guarantees success. If you're still in the game, lucky you. If you're not, take solace in knowing the rest of us are learning from your mistakes.

By
This story appears in the January 2001 issue of Entrepreneur. Subscribe »

Gail Klein was on top of the world-actually, way higher than that. The 30-year-old Charlottesville, , entrepreneur had zoomed out of nowhere to land $1.2 million in in the fall of 1999, and her , WorkingWeekly.com, was the subject of heavy buzz. It had quickly grown to 60 employees and had a potentially huge customer base because its focus was on the changing workplace-on helping people find meaning and fullfillment in their working lives. How could it fail?

Then one day the bottom fell out. "I had a commitment for $2 million in additional funding. The day they were supposed to put in the money, they withdrew the offer," recalls Bentley. Not good-and the ride became stomach-turning bumpy. "Of course I went to other funders, but nobody else would invest," says Bentley, who served as chair, president and publisher. "I had to lay off all 60 employees. I had never failed in my life. That was just a terrible time."

Continue reading this article - and everything on Entrepreneur!

We make some of our best content available to Entrepreneur subscribers only. Become a subscriber for just $5 to get an ad-free experience, exclusive access to premium content like this, and unlock special discounts.

Entrepreneur Editors' Picks