Troubling Times for Some Internet Startups
It's been a rough season for some in the e-commerce crowd, as several consumer-electronics Internet startups find themselves amid changes. Last week, <A HREF="http://www.CyberShop.com">CyberShop.com</A> announced that it will close the e-tailing sites CyberShop.com and electronics.net (created as a joint venture with Tops Appliance City, which is now under Chapter 11 bankruptcy protection) and sell these operations' remaining retail assets. At the same time, the company says it will launch an "Internet incubator" through the establishment of <A HREF="http://www.grovestreetventures.com">Grove Street Ventures</A> to attract and develop startup Internet companies.