Notice how many of these were in the last bubble. Notice how much VC money these people burned through. These companies even got private people--Whoopi Goldberg--and corporations like Coca Cola to invest millions in these startups.
I'd bet you could add up all of the VC money given to web 2.0 startups for the last 4-5 years, and it wouldn't add up to the money given to cue-cat + Kozmo + Webvan. ($1.23 billion)
You've got to be kidding me! We could start 1000 startups for that kind of money and have plenty left over to buy a small carribean island to move to and run our startups from while drinking fruity drinks and getting massages.
I just don't get the hoopla of bubble 2.0. Nothing to see folks, just keep moving along and keep working on your startups.
And besides, the Facebook deal was "only" 200 million dollars. If Facebook tanks tomorrow, that is a small loss for a large business event. As others have pointed out, the numbers today are small by 1999-standards.
I recently read some parts of the FuckedCompany book, which has most of these, as well as many many more amazing bubble flameouts. It's not very well written but a quick and fun read.