Figuring Outย โขย 1y
Why Did Webvan, a Grocery Delivery Platform failed So, it was 1996. The internet was expanding as crazy, and every dot-com company was raising millions with nothing but an idea. Louis Borders decided to jump on this trend and thus started Webvan. The idea was simple! Customers could order groceries on their website and they would deliver it in just 30 minutes. Soon they raised $7 million from Benchmark Capital and Sequoia Capital for this. And here comes the interesting part: June 1999: Webvan started taking orders Nov 1999: They had $395k revenue and a $50M loss Nov 1999: They raised $375 million in their IPO Dec 1999: It was valued at over $4.8 billion! And in 2001, the company was shut down with peak revenue of $178 million. Why did it fail? 1) Aggressive expansion to many cities 2) They targeted a price-sensitive market 3) It built its warehouses and infrastructure from scratch, which cost a lot 4) Their CEO received a $4 million salary while the company was bleeding money 5) The market was too early Thus, a company which raised over $850 million was shut down in just 5 years of starting, and CNET named it as one of the largest dot-com flops in history!

Building JalSeva and...ย โขย 1y
Elon Musk became a millionaire for the first time when Zip2 was sold to Compaq in 1999. In 1996, Elon Musk co-founded Zip2 ๐ an online city guide for newspapers, with his brother Kimbal. They were so broke that they slept in their office and showe
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Figuring Outย โขย 9m
How 3 Friends made the World's Most Used API Testing Tool! So it was 2009, Abhinav was working as a coding intern at Yahoo along with Ankit. Their job was to take APIs and convert them into a shareable format that developers could use in their proj
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Introvert!ย โขย 1y
This Chennai based India's first flying taxi startup๐ก ePlane is planning to raise $30๐ต to $50๐ต million as it prepares for its first launch. They have already raised $14 million๐ต from venture capital firm Speciale Invest and others in a Series B
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Figuring Outย โขย 1y
How Jar Became a $300 Million Company by Helping People Invest Pocket Change So it all started when Nishchay and Misbah noticed that people often ignored small amounts left over from transactions. They found out that even small amounts can result in
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Figuring Outย โขย 1y
Sam Altman's First Startup! So before founding OpenAI and leading Y Combinator, Sam Altman founded Loopt! Loopt was a location-based social media app launched by @sama in 2005. It was very similar to any other social media platform, like it had ch
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Figuring Outย โขย 1y
How Rapido Dominated the Bike Taxi Genre? So Rapido was founded in 2015 by IIT alumni Aravind Sanka and Pavan Guntupalli. Aravind, once stuck in traffic, realized that bikes could navigate traffic easily and thought of starting a bike taxi company
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Trivias Around start...ย โขย 1y
Pets.com: The Rise and Fall of a Dot-com Era Icon In the late 1990s, the dot-com boom was in full swing, and investors were eager to get in on the latest internet startups. One such company that captured the attention of investors and pet lovers ali
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