Wine.com now valued at only $120,000

July 3, 2006 | Matt Marshall

Wine.com‘s story becomes even more pathetic. We’ve written about the seven lives of this company, during which it has soaked up somewhere around $200 million.

Now investors disgruntled with the recent moves by Baker Capital to wash out existing investors with a new investment have leaked the terms to VentureWire (subscription required). The terms say Wine.com’s valuation before Baker’s investment is now only $120,000. The investors quoted in story say they’re considering suing. As reported, there is already an exisiting lawsuit in the works.

Drink up, boys!

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About the Author, Matt Marshall

Matt launched VentureBeat in September of 2006, with the realization that no one else was covering the entrepreneurial and tech innovation scene with the velocity or depth that he was. Prior to founding VentureBeat, he covered venture capital for the San Jose Mercury News from 2001 to 2006. In 2002, Matt was awarded "Journalist of the Year" by the Northern California Society of Professional Journalists. Prior to working at the Merc, he was a correspondent for the Wall Street Journal in Bonn, Germany from 1995 to 1998, and a writer for the Washington Post in 1994. Matt holds a PhD in Government and an MA in German and European Studies from Georgetown University. In addition to VentureBeat, Matt is also the Executive Producer of DEMO, the leading launchpad event for emerging technologies.

http://venturebeat.com/2011/09/07/wine-vintners-alliance-ecommerce/ Vintners’ Alliance tries to cure the wine world’s eCommerce hangover | VentureBeat

[...] Marketing wine is not an easy task, however as seen by Wine.com’s own struggles. The company which launched in 1998 is still alive today, but not before sucking up $200 million in funding and dropping down to a low $120,000 valuation in 2006. [...]
http://onlinemagazine.pcriot.com/?p=39973 OnlineMagazine » Blog Archive » Vintners’ Alliance tries to cure the wine world’s eCommerce hangover

[...] Marketing wine is not an easy task, however as seen by Wine.com’s own struggles. The company which launched in 1998 is still alive today, but not before sucking up $200 million in funding and dropping down to a low $120,000 valuation in 2006. [...]
http://prosglobal.tv/blog/2011/09/vintners%e2%80%99-alliance-tries-to-cure-the-wine-world%e2%80%99s-ecommerce-hangover/ Vintners’ Alliance tries to cure the wine world’s eCommerce hangover

[...] Marketing wine is not an easy task, however as seen by Wine.com’s own struggles. The company which launched in 1998 is still alive today, but not before sucking up $200 million in funding and dropping down to a low $120,000 valuation in 2006. [...]