Webvan On A Crash Course?
from the bye-bye dept
I remember when Webvan first launched, a friend of mine sat down and did the math to point out that they weren’t likely to be profitable for 65 years or something to that effect. I guess it’s not such a surprise then that Forbes is predicting they’ll be dead in six months or less. Their burn rate is ridiculous, they’re running out of cash, they need a ton more customers (or customers to average $400 an order), they’re likely to be delisted, they can’t raise any more public funds, and most potential partners don’t want to take on the expense. Basically, they’re screwed.