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Webvan.com - Bankrupt Dot Com brought home the bacon  

Webvan.com - Bankrupt Dot Com brought home the bacon

Product #: webvancom

Normal Price: $89.95
Our Sales Price: $69.95

(You Save: 22%)

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PRODUCT DESCRIPTION  
Beautifully engraved certificate from the Webvan.com . This historic document was printed by the Security-Columbian Banknote Company and has an ornate border around it with a vignette of the company's logo, a bag of groceries and the company's name. This item has the printed signatures of the company’s chairman and secretary.

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Certificate Vignette



Jul. 10, 2001 Webvan Group Inc., the online pioneer that aimed to revolutionize the grocery industry but ended up losing $830 million, ceased operations Monday and said it would file for Chapter 11 bankruptcy protection.

The company's demise marks one of the biggest casualties of the dot-com bust and demonstrates how the Internet's entrepreneurial optimism often outstripped business realities.

Webvan, which blew through more than a billion dollars without ever turning a profit, became the biggest Internet failure of all time on Monday, ceasing its four-state operations, firing 2,000 workers and saying it planned to file for bankruptcy protection.

Webvan was an Internet retailer offering same-day delivery of consumer products, with an initial focus of food, non-prescription drug products and general merchandise. For the FY ended 12/31/00, net sales totaled $178.5M, up from $13.3M. Net loss totaled $453.3M, up from $144.6M. Results reflect the commencement of commercial operations in San Francisco and Atlanta, offset by higher personnel, amortization and restructuring costs.

Product #: webvancom

Normal Price: $89.95
Our Sales Price: $69.95

(You Save: 22%)

Qty:
 

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