IS WEBVAN BACK?
I happen to be in Paris on business --- excited, don't be as I arrived here 20 minutes ago after spending most of the previous day in Berlin and Stockholm and I leave Paris tomorrow by noon for London and then back to NYC by Thursday night!
I wanted to give you a thought. I live in New York City. Every night (while walking my two dogs) I see lots of trucks from online grocers delivering their goods. The two companies that I see are xpressgrocer.com and freshdirect.com. I have no way of knowing if these two organizations are making money, breakeven or whatever. BUT, I sure feel like I am witnessing the Webvan idea going well in a local market.
It makes me wonder how many other "local" online grocers are doing business around the USA (and the world).
With the proper execution and local focus, online food shopping could be big.
By the way, for those under 28-years of age, Webvan was a failed Internet company that sank after blowing hundreds of millions of dollars --- there must be lots of entries on google for anyone wanting to read the history.
This brings me back to my rant the other day about the idiots at the private bank in New York City that forced Jupitermedia to walk away from some solid VC investments. I could write a book about these jerks. One day they will realize that they burned their clients bigtime.
Fortunately for Jupitermedia, our basic business lines are thriving so I can sometimes forget about the VC angle and the idiocy of the bankers --- but it is upsetting.
Jupitermedia CEO Alan Meckler