America Online bought Netscape, but only after it was thoroughly thrashed by Microsoft in the browser wars. His next venture, managed services provider Loudcloud, trades for $3.21 a share, less than half its all-time high.
Even companies of which he’s merely a board member are seeing hard times. CacheFlow, which once hit $183 a share, now trades for $1.79. MobShop, a group-shopping site, closed its shutters; Octopus.com went bankrupt. That leaves CollabNet, an open-source company, which is doing okay. Let’s hope it can break his recent slump.