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The Greatest Defunct Websites and Dotcom Disasters
NotableCathy writes "CNet has an interesting retrospective write-up documenting the most notable dotcom disasters and now-defunct Websites that were massive in their day, detailing what happened to them and what they led to. Nupedia didn't escape a slating (remember Larry Sanger's memoir?), or indeed Beenz, whose founder and CEO once said 'would become the universal currency, supplanting all others,' according to The Register seven years ago."
I remember the Pets.com sock-puppet.
Then I remember a commercial for "Bar None" credit, where an astoundingly similar sock-puppet declares "because everyone deserves a second chance".
I have no idea if that was intentional or not, but it still makes me laugh to this day.
Those who believe the Internet is private,
find their privates are on the Internet.
I know that Google took it over and still makes Usenet content searchable, but a part of me pines for the simple days when it was Usenet that contained the useful technical information we needed, and when Dejanews was the best way to get to it.
I'm surprised CNet't not defunct. So many parts of their sites are very hard to look at, including this one. It's a shame because I always felt they had such potential, but I really can't browse their sites. It's still hard to understand why CBS valued them so high with their purchase.
Developers: We can use your help.
Where the heck is mp3.com, the bright, shining, and defunct future of music distribution? I still have probably a thousand of free MP3s of cool bands I found through that site.
Maybe it's that the UK is too far away or that the writer doesn't get it personally. "Web site that sold groceries " was never the business model. They did that, but to paraphrase JFK "not because it's easy, but because it's hard". Once you can perfect getting fresh peaches delivered via an Internet order, everything else is easy.
They were a tiered distribution company. They would have become a combination of Wal-Mart without the storefronts and UPS. Their two edges were
1) dis intermediate all the retail outlets that all sell the same things. The profit margin in groceries is razor thin (again, they did the hard thing first). Eliminate the stores and employees, replace them with largely automated warehouses and drivers and you change the entire profit dynamic. Walmart.com and vons.com don't get this benefit since they still have to support physical storefronts. Amazon gets this benefit and does pretty well. People have figured out by now that Amazon isn't just an internet bookstore, Webvan died before it could get there.
2)Use the internet as the front end of the business. That's pretty obvious.
"Webvan -- none of whose senior executives or investors had any experience in the supermarket trade". Umm... yeah, that experience would have been useless since they didn't run supermarkets. They did have one of the main architects of Walmarts inventory and distribution system. They were damn good at what they did. If they had an unhappy customer I never met him.
They died from dried up funding more than overspending (though they did that too). They were just about at the point of doing the "since we have a truck coming by your house anyway, why don't we also drop off your Netflix movie, next semester's textbooks and that creepy Rei Ayanami doll you ordered from Japan?". Without that Netflix has had to spend huge effort to get a (kick ass frankly) distribution system done via USPS. Amazon has their affiliate program where you can get all sorts of odd stuff from Amazon, but they don't have that "last mile" solved. If you order stuff in one order from 7 different affiliates you have to pay 7 different shipping fees and deal with 7 different shipments from different shipping companies. At least one of those shipments will get screwed up and one other will come from some shipper that won't leave it without a signature. Webvan was coming by your house anyway to drop off your groceries.
And, yes, I did indeed ride a small position in WBVN all the way to $0.00. They could have been saved at any point and I still think they would be a huge company today.
-- your Web browser is Ronald Reagan
Now, being a CEO is (really) different from managerial work, but I have an anecdote.
My dad works for Proctor & Gamble. They hire almost exclusively engineers for every position. They figure it's easier to teach an engineer sales/managing/whatever than it is to teach a business type how to engineer. Heck, they pay for some people to get their MBAs - if you could handle an engineering degree, you sure as heck can handle business.
Maybe not many geeks have business acumen - but it seems to be easier to pick up than geekery.
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