MobileStar Network's demise in 2001 was the result of at least two important factors: the collapse in the private equity markets in mid-2001 and the events of September 11. While MobileStar's investors provided a bridge loan during the mid-2001 time frame, the terrorist attacks in New York and Washington brought a steep decline in business travel, MobileStar Network's initial core market. MobileStar's investors could not continue to finance the business and new investors were skittish about investing in a company focused on serving a market that had recently and rapidly collapsed.