12 Questions
What was Webvan's aim with its revolutionary idea in the dot-com bubble era?
To revolutionize the $450 billion retail grocery business with online ordering and same-day door-to-door grocery delivery.
What did Webvan believe was one of the first 'killer applications' for the Internet?
Online grocery ordering and same-day delivery.
Who did Webvan hire as its CEO during its operations?
A seasoned CEO from the consulting industry.
What was one of the reasons why Webvan initially seemed to be doing everything right?
Most initial customers actually liked the service.
Despite doing everything asked by its board and investors, why did Webvan go bankrupt?
Webvan was bankrupt due to financial troubles, not a failure of execution.
How long did it take for Webvan to go bankrupt after its initial public offering?
Barely 24 months.
What mantras did Webvan fervently follow?
First mover advantage and get big fast
What did Webvan fail to ask, leading to its downfall?
Where are the customers?
What industry adopted the product-centric model in the 1950s?
Consumer packaged-goods industry
Why is the new-product introduction model not a good fit for most startups?
Most startups do not know who their customers are.
What stage involves turning passion and vision into a set of key ideas for a business plan?
Concept and seed stage
What is the outline for a business plan based on at the concept and seed stage?
Set of key ideas from the founder's passion and vision
Explore the rise and fall of Webvan, one of the most famous startups of the dot-com bubble. Learn about its ambitious goals, massive financial backing, and ultimate failure. Discover the timeless lessons from this pivotal moment in tech history.
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