Webvan is building distribution centers in four cities, adding to the one it has now.
The second was a deep-pocketed investor who profited handsomely by shortselling Webvan in its heyday.
FORBES: An Online Grocer For Web 2.0. Just Don't Call It Webvan 2.0.
He says Webvan's business model was a mirror image of the credo he preached at Andersen.
In 2001, a year and a half after going public, Webvan went out of business.
The combination hasn't solved Webvan's basic cost problem: how to increase the number of deliveries per hour.
Just like with Webvan, what people thought they wanted was very different from what they would actually use.
Shaheen quit his job running Andersen Consulting to take one running Webvan, the Foster City, California-based Internet grocery store.
Shaheen was so expansive and informative that his quots screwed up a pending initial public offering of Webvan stock.
Former Andersen Consulting head George Shaheen got headlines for leaving to become top dog at Webvan Group last September.
Will they disappear in a blaze of smoke like Webvan, Pets.com, and Boo.com?
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"Webvan was all about leveraging technology and reinventing the grocery business, just as Andersen had reinvented consulting, " Shaheen says.
But how could they have counseled him to hesitate when Webvan came calling?
Webvan was one of those great dotcom-era ideas that was ahead of its time and beyond its financial capabilities.
He cited Webvan, the online grocery store that served as many as 10 U.S. cities before going bankrupt in 2001.
But Webvan, whose service is available in ten cities, has had a devil of a time getting people to sign up.
The first was Tim Laseter, a Booz Allen consultant who, in 2000, perfectly predicted Webvan and its ilk would fail miserably.
FORBES: An Online Grocer For Web 2.0. Just Don't Call It Webvan 2.0.
Not much, if Webvan fails to move quickly, says Shaheen, because the competition is bound to knock off his delivery system.
Webvan delayed its IPO because its CEO gave a jargon-filled quote to us about " leveraging technology" during its quiet period.
Hundreds of applications pour in each week, and out come the announcements of new Softbank allies: PeoplePC, Webvan, Global Sports, InsWeb.
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Webvan Group, one of the new online grocers, will benefit from the problems of Peapod, an older firm and its chief rival.
CharityBuzz is the brainchild of S. Coppy Holzman, a founder of Webvan, a high-flier during the tech boom a decade ago.
His extraordinarily bullish take on Stewart was as wrong as his views about such stocks as Etoys, Internet Capital Group and Webvan.
Webvan famously flamed out due to high overhead costs, among other issues.
The collapse of online grocer Webvan, once Niman's biggest client, has hurt.
This is not Webvan or Kozmo.com, two dot-com era grocery delivery flameouts.
George Shaheen quits his CEO post at Andersen Consulting for a fat swing at 9-digit Webvan wealth. (He'll get it, too.) The shocker?
He was then an entrepreneur, a founder of Business Signatures and founding chief technology officer of Webvan Group, both of which were sold.
On the flip side, LinkedIn could eventually vanish, as did Pets.com and online grocery provider Webvan after the internet bubble burst in March 2000.
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Webvan built a sophisticated distribution system, based on centralised warehouses, but it proved too costly to sustain while the company tried to grow its business.
Rival online grocers, such as the late Webvan in California, which went for an elaborate and expensive central-warehouse system, found they could not make it pay.
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