Tag: fellow upstarts.The pandemic
Of Course Instant Groceries Don’t Work
More than 20 years ago, as the rubble of the dot-com boom was still smoking, Wired magazine published an autopsy of the grocery-delivery start-up Webvan. The company had just filed for bankruptcy after evaporating the better part of a billion dollars of investment funds in about a year and a half, and the tale of its downfall opens with a sentence that, in retrospect, is pretty funny: “In the sober days of 2001, it’s hard to imagine a time when