Wine.com now valued at only $120,000

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!