Read full article at http://www.knowledgefield.com/articles/sega-dreamcast-s-cause-of-death.shtml
Sega over-spent on network infrastructure for SegaNet and ran out of
money. They almost went bankrupt.
Piracy has never been an issue, in fact of the last generation the
machine that was hardest to pirate (GameCube) did the worst.
- Jordan