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WebVan is often used as the poster-child of failed web1.0 enterprise - they burned through hundreds of millions in VC funding buying Aerons, CISCO switch gear, Sun servers and advertising. Despite sitting some of their employees in the best chairs known to humanity - they still went belly up in 2001.
But hold on and fast forward to 2006 - I keep seeing Safeway.com grocery vans - they seem to be everywhere. In fact when my son was born - we used Safeway.com for a couple of months to lessen the household burden. So, while WebVan couldn't make it as a standalone business - seems that Safeway.com has used the same model to their competitive advantage.
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They burnt thru $1B of VC cash. Thats not petty cash. How big is the safeway.com business?
But more than that... not only was its business plan a failure, but it was technically a failure as well. I dont think it had the SW infrastructure to deal with the demands of what they were projecting.
But I'm not Shaheen, so I cant say for sure...
Posted by Vijay Tatkar on December 04, 2006 at 01:33 PM PST #