 Webvan logo as seen on an orphaned shipping bin Webvan was an online "credit and delivery" grocery business that went bankrupt in 2001. It was headquartered in Foster City, California, USA, near Silicon Valley. It delivered products to customers' homes within a 30-minute window of their choosing. At its peak, it offered service in nine U.S. markets: San Francisco Bay Area, San Diego, Los Angeles, Chicago, Seattle, Portland, Atlanta, Sacramento, and Orange County. The company had originally hoped to expand to 26 cities. Image File history File links No higher resolution available. ...
Image File history File links No higher resolution available. ...
Dot-com (also dotcom or redundantly dot. ...
Supermarket produce section A supermarket is a store that sells a wide variety of goods including food and alcohol, medicine, clothes, and other household products that are consumed regularly. ...
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History
Webvan was founded in the heyday of the dot-com boom in the late 1990s by Louis Borders, who also co-founded the Borders bookstore in 1971. Webvan's original investors included Goldman Sachs and Yahoo!, who encouraged it to rapidly build its own infrastructure (the first-mover advantage strategy popularized by Amazon.com) to deliver groceries in a number of cities.[1] Some journalists and analysts blamed this serious error of judgement on the fact that none of Webvan's senior executives (or major investors) had any management experience in the supermarket industry, including its CEO George Shaheen who had resigned as head of Andersen Consulting (now Accenture), a management consulting firm, to join the venture. Dot-com (also dotcom or redundantly dot. ...
For the band, see 1990s (band). ...
Borders Group (NYSE: BGP) is an international bookseller based in Ann Arbor, Michigan. ...
The Goldman Sachs Group, Inc. ...
Yahoo redirects here. ...
The first-mover advantage is the advantage gained by the first significant company to move into a new market. ...
Amazon. ...
For other uses, see Journalist (disambiguation). ...
George T. Shaheen, born July 11, 1944, an American businessman, was chief executive at management consulting firm Andersen Consulting 1989 to 1999, before moving on to now-defunct online grocer Webvan. ...
Accenture (NYSE: ACN, ISIN: BMG1150G1116) is a global management consulting, technology services and outsourcing company. ...
Webvan tried to embrace a total customer satisfaction model involving a 30 minute window delivery without considering that many working customers would like their groceries delivered at home at night.
Bankruptcy
 Thousands of webvan tubs survive as household storage bins While Webvan was popular, the money spent on infrastructure far exceeded sales growth, and the company eventually ran out of money. For example: Webvan placed a $1 billion (USD) order with engineering company Bechtel to build its warehouses, bought a fleet of delivery trucks, purchased 30 Sun Microsystems Enterprise 4500 servers, dozens of Compaq ProLiant computers and several Cisco Systems 7513 and 7507 routers, as well as more than 80 21-inch ViewSonic color monitors and at least 115 Herman Miller Aeron chairs (at over $800 each).[2] Image File history File links Size of this preview: 363 × 599 pixelsFull resolution‎ (544 × 898 pixels, file size: 518 KB, MIME type: image/png) A stack of three of my five webvan tubs. ...
Image File history File links Size of this preview: 363 × 599 pixelsFull resolution‎ (544 × 898 pixels, file size: 518 KB, MIME type: image/png) A stack of three of my five webvan tubs. ...
The United States dollar is the official currency of the United States. ...
Bechtel Corporation (Bechtel Group) is the largest civil engineering company in the world. ...
Sun Microsystems, Inc. ...
In information technology, a server is an application or device that performs services for connected clients as part of a client-server architecture. ...
Compaq Computer Corporation is an American personal computer company founded in 1982, and now a brand name of Hewlett-Packard. ...
The tower of a personal computer. ...
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This article describes the computer networking device. ...
ViewSonic is a manufacturer and provider of visual technology, specifically CRT monitors, liquid crystal displays, projectors, plasma displays, HDTV technology, and mobile products, including tablet PCs and wireless monitors. ...
Herman Miller, Inc. ...
The Aeron chair is a product of Herman Miller, designed in 1994 by Don Chadwick and Bill Stumpf. ...
As part of its shutdown process, all non-perishable food was donated to local food banks. Webvan's legacy consists of thousands of colored plastic shipping bins for groceries that are still sitting in customers' basements and closets, and a lucrative severance package for ex-CEO Shaheen.[3]
Similar businesses The online grocery market sector has seen many other failures, including Publix Direct. However, there have been a few successes. Two companies founded around the same time as Webvan that still exist today are Peapod started in 1989 in Chicago and SimonDelivers in the Minneapolis-St. Paul region of Minnesota and Wisconsin. The GTA-area of Toronto is serviced by Grocery Gateway, which has partnered with and is now owned by local grocer Longo's. The New York City market is increasingly served by FreshDirect. Some other companies, such as Peapod in the Northeastern United States, and Winder Farms in the Western United States existed before the Internet became popular, and adapted their business models to the new medium. Publix Super Markets, Inc. ...
Peapod is an online grocery delivery service owned by Royal Ahold and operating only in a select number of US cities. ...
SimonDelivers, Inc. ...
A map of the Twin Cities metropolitan area. ...
Capital Saint Paul Largest city Minneapolis Area Ranked 12th - Total 87,014 sq mi (225,365 km²) - Width 250 miles (400 km) - Length 400 miles (645 km) - % water 8. ...
Official language(s) None Capital Madison Largest city Milwaukee Largest metro area Greater Milwaukee Area Ranked 23rd - Total 65,498 sq mi (169,790 km²) - Width 260 miles (420 km) - Length 310 miles (500 km) - % water 17 - Latitude 42° 30′ N to 47° 05′ N - Longitude 86° 46′ W to...
Grocery Gateway is a grocery delivery service based in Southern Ontario, Canada. ...
FreshDirect logo FreshDirect is an online grocer that delivers to residences, offices, and commuter rail stops in the New York City metropolitan area that offers next-day delivery to most of Manhattan and parts of Brooklyn and Queens. ...
Peapod is an online grocery delivery service owned by Royal Ahold and operating only in a select number of US cities. ...
Regional definitions vary The Northeastern United States is a region of the United States. ...
Winder Farms, headquartered in West Valley City, Utah, is an online grocer providing farm fresh goodness to the doorsteps of tens of thousands of homes in Utah and Las Vegas, Nevada. ...
Regional definitions vary from source to source. ...
Trivia Webvan advertised at Pacific Bell Park (now AT&T Park) in San Francisco. A sign for the company appeared behind home plate on October 5, 2001, the night Barry Bonds hit his 71st home run of the season, breaking the single-season record. Image File history File links Broom_icon. ...
AT&T Park (also called China Basin) is an open-air baseball park, home to the San Francisco Giants of the Major League Baseball. ...
For other uses, see 5th October (Serbia). ...
Year 2001 (MMI) was a common year starting on Monday (link displays the 2001 Gregorian calendar). ...
Barry Lamar Bonds (born July 24, 1964 in Riverside, California) is currently a left fielder for the San Francisco Giants of Major League Baseball. ...
Homerun redirects here. ...
Webvan was praised on August 3, 2007 on Episode 531 of CNet's Buzz Out Loud by guest host Charles Cooper. is the 215th day of the year (216th in leap years) in the Gregorian calendar. ...
Year 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the AD/CE era in the 21st century. ...
CNET Networks, Inc. ...
Buzz Out Loud is a daily podcast about tech related subjects, produced by CNET. Affectionately abbreviated BOL by fans, and known by their tagline as CNETs podcast of indeterminate length (or CNET.coms podcast of indeterminate length), the show stars CNET editors Tom Merritt, the segue king, Molly...
See also Electronic commerce, EC, e-commerce or ecommerce consists primarily of the distributing, buying, selling, marketing, and servicing of products or services over electronic systems such as the Internet and other computer networks. ...
Peapod is an online grocery delivery service owned by Royal Ahold and operating only in a select number of US cities. ...
A stock market bubble is a type of economic bubble taking place in stock markets when price of stocks rise and become overvalued by any measure of stock valuation. ...
Dot-com (also dotcom or redundantly dot. ...
Irrational exuberance is a phrase used by Federal Reserve Board Chairman Alan Greenspan in a speech given during the stock market boom of the 1990s. ...
References - ^ Finkelstein, Sydney; Harvey, Charles & Lawton, Thomas (2007). Breakout Strategy: Meeting the Challenge of Double-digit Growth. McGraw-Hill, p200. ISBN 0-07-145231-1.
- ^ Wolverton, Troy. "Seeking relics amid Webvan's ruins", CNET News.com, 2001-10-30. Retrieved on 2007-04-30.
- ^ Sandoval, Greg. "Ex-Webvan CEO to collect $375,000 yearly", CNET News.com, 2001-05-15. Retrieved on 2007-04-30.
Year 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the AD/CE era in the 21st century. ...
is the 120th day of the year (121st in leap years) in the Gregorian calendar. ...
Year 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the AD/CE era in the 21st century. ...
is the 120th day of the year (121st in leap years) in the Gregorian calendar. ...
External links - CNNMoney history of Webvan
- News.com history of Webvan
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