RSS
Amazon Invests in Kozmo
from the it's-just-money dept
Because there's just too much money around, Kozmo has recieved another $100 million, mostly from Amazon.com which now owns 23% of the company which will deliver items you order over the internet to your door within an hour. I always thought Kozmo was pretty cool, but a difficult business to scale and make money. Of course, when you have $100 million in cash, making money seems like less of an issue.
If you liked this post, you may also be interested in...
- SEC Told Pandora To Be More Explicit In Its IPO That Its Business Is Likely Unsustainable Due To Crazy Licensing Rates
- The Fine Line Between Crowdfunding & An Illegal Securities Offering Part II: SEC Fines Ad Execs Over Pabst Stunt
- As Pandora Goes Public, How Come No One Is Pointing Out That It Misled The Press About Being Profitable?
- Don't Try To Make Sense Of LinkedIn Share Price
- DailyDirt: Start-up Pitches And Strikeouts...
Add Your Comment