Remember when things were crazy and people would invest in anything web-related? Well things are still crazy, but in the opposite direction it seems, and now no one will invest in anything. Irrational fear seems to have taken the place of irrational exhuberance and optomism. And the latest victim? Pets.com.
Certainly the market couldn't support three online pet stores, but can't it support one? Can't pet supplies be consolidated with some other online venture? Groceries, perhaps? It's hard to believe we're going back to the days of no online pet stores. It makes me a little sad, not because I like shopping for pet food on line or anything like that, but because it feels like a step backward. I'm getting used to my internet-enabled lifestyle (webvan, kozmo, etc.), and I don't want it to go away.