// startup autopsy
IC Media Corporation
Software company that built an object-oriented PC desktop environment with an integrated suite of applications.
timingacquisition_distress
Fatal mistake: Built a capital-intensive streaming infrastructure platform before broadband penetration was sufficient to make the business model economically viable.
Key Events Timeline
FOUNDING
IC Media Corporation founded to build internet video streaming and media delivery infrastructure during the early dot-com boom.
FUNDING
IC Media raises significant funding during the dot-com peak, investing heavily in streaming infrastructure and platform development.
PRODUCT LAUNCH
Company launches its enterprise media delivery platform, targeting broadcasters and corporations for internet video distribution.
FUNDING
IC Media secures its final funding of $22.5M total raised as the company struggles to achieve profitability in a market not yet ready for streaming at scale.
SHUTDOWN
IC Media Corporation is acquired and ceases independent operations, its streaming technology absorbed before the mass-market video era arrived.