A few years back, Bolt ran a seemingly successful content company targeting teens, a lucrative market.

Driven by either greed, envy, or both (hmm… both, including stupidity), Bolt totally did a 180 and dived into the UGC video market.  It got crushed by the weight of its own stupidity, then got sued by Universal.  GoFish put it out of misery by acquiring it… but then GoFish itself went out of business as a me-too video file sharing site.  GoFish is now a totally different thing, essentially an ad network for kids.  Hey, better than a me-too clone going nowhere, I presume. continue reading...