Who Invented the Internet?
You could get electronics like game systems and movie players (to play the rentals), but you could also just order a single pack of gum or a candy bar, and a Kozmo bicycle courier would deliver it to your door for the face value of the item. The service was convenient and popular with customers, but the business model proved unsustainable as most orders cost more to deliver than they made back. Kozmo also partnered with Starbucks, paying them for the privilege of locating Kozmo video drop boxes in their stores and providing a limited selection of Starbucks goods for delivery. Every market required warehouse space and lots of workers, and they also suffered for expanding into multiple markets too quickly.
Who invented the Internet? Blodget, Henry. “The Internet’s Bust Became a Boom (Who Ever Doubted It?).” New York Magazine. Cave, Andrew. “Mattel sale ends $3.6bn fiasco.” Telegraph. Berkeley, Jon. “The new tech bubble.” Economist. Chan, Casey. “Remember the Hilarious Horror of Geocities with This Website.” Gizmodo. Bannon, Lisa. “Co-Founders of Learning Co. Unit Leave Mattel After Earnings Surprise.” Wall Street Journal. Burt, Erin. “Dot-Com Castoffs.” Kiplinger’s Personal Finance. Bluestein, Adam. “Beyond Webvan: MyWebGrocer Turns Supermarkets Virtual.” Bloomberg Businessweek.
Heath, David and Sharon Pian Chan. Heath, David and Sharon Pian Chan. Jennie, James. “Nothing Ventured.” Time Europe. King, Brad. “The Day the Napster Died.” Wired. Heath, David and Sharon Pian Chan. Heath, David and Sharon Pian Chan. Kolodny, Lora. “Marc Andreessen: ‘The Dot-Com Bust Was Basically A Mistake.” Wall Street Journal. Khermouch, Gerry. “Commentary: Webvan Left the Basics on the Shelf.” Bloomberg Businessweek. Hines, Matt. “Napster, IBM promise cache savings.” CNET. Junnarkar, Sandeep. “Lawsuit targets Bertelsmann over Napster.” CNET. Heath, David and Sharon Pian Chan. Heath, David and Sharon Pian Chan.
The company name, domain and logo seem to have been resurrected as an Amazon-powered Web store that sells non-perishable goods. It closed down in November 2000. Notably, after failing to find a buyer, the company declined to file for bankruptcy and instead decided to sell off its assets and distribute the money to its shareholders so that they weren’t left with nothing. The site never managed to get beyond the point of losing more than it was making on every sale.
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