Another Dot COm Buster - WebVan!!
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Today one more dot com company, webvan, closed it operations. I wonder when we will see light at the end of the tunnel. Atleast, do we know whether the end of the tunnel is near?
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Today one more dot com company, webvan, closed it operations. I wonder when we will see light at the end of the tunnel. Atleast, do we know whether the end of the tunnel is near?
This article (from this site's home page) indicates that things are getting a little better.
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Today one more dot com company, webvan, closed it operations. I wonder when we will see light at the end of the tunnel. Atleast, do we know whether the end of the tunnel is near?
Huh. So these idiots were trying to sell groceries over the Web. I guess that as long as there are people trying to sell or give away web services that nobody wants or needs, we'll see .com's failing. My former employer had an equally bad idea. They wanted to put bar-code scanners in everyone's houses, and then we would order groceries by scanning the empty boxes of cereal, hot sauce, whatever before throwing them out. Just remember: there is no shortage of bad ideas.
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Huh. So these idiots were trying to sell groceries over the Web. I guess that as long as there are people trying to sell or give away web services that nobody wants or needs, we'll see .com's failing. My former employer had an equally bad idea. They wanted to put bar-code scanners in everyone's houses, and then we would order groceries by scanning the empty boxes of cereal, hot sauce, whatever before throwing them out. Just remember: there is no shortage of bad ideas.
Not idiots, just poor business people. Tesco in the UK has a turnover of about 500m Euro a year via the web, and makes a profit. This was a typical 'we've raised loads of money, let's burn it' operation. They spent a fortune on infrastructure. Old Simon HB9DRV
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Not idiots, just poor business people. Tesco in the UK has a turnover of about 500m Euro a year via the web, and makes a profit. This was a typical 'we've raised loads of money, let's burn it' operation. They spent a fortune on infrastructure. Old Simon HB9DRV
Not only that but then when a Client has a good idea it is often ruined by insisting we do things like "the big guys" e.g. Amazon. Often heard on the other end of a telephone "But Amazon do it". That drives me up the wall. Now the likes of Amazon who appear to be successful are only so through intense advertising, promotion and discounts. There is no sustainable business model. It is a case of vast amounts of money being poured in and it... it what? it just flows straight back out into the real winners of the dot-com erea.. the likes of advertising agencies and admitedly companies like the one I work for, the dot-com web-builders. We move from project to project taking our fee knowing their business model is not sound but hey, it is their money right? Shocking I know but when Clients do not listen.. what can you do? regards, Paul Watson Cape Town, South Africa e: paulmwatson@email.com w: vergen.org
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http://www.iasf.org/waiting.htm ------- Nature, to be commanded, must be obeyed. (Francis Bacon) Nature, to be apprehended, must be obeyed. (Ayn Rand)
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Today one more dot com company, webvan, closed it operations. I wonder when we will see light at the end of the tunnel. Atleast, do we know whether the end of the tunnel is near?
Some time ago I have heard that by Christmass 2001 around 80% of DOT COM companies will close their doors. I think we are currently half way there.
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Not only that but then when a Client has a good idea it is often ruined by insisting we do things like "the big guys" e.g. Amazon. Often heard on the other end of a telephone "But Amazon do it". That drives me up the wall. Now the likes of Amazon who appear to be successful are only so through intense advertising, promotion and discounts. There is no sustainable business model. It is a case of vast amounts of money being poured in and it... it what? it just flows straight back out into the real winners of the dot-com erea.. the likes of advertising agencies and admitedly companies like the one I work for, the dot-com web-builders. We move from project to project taking our fee knowing their business model is not sound but hey, it is their money right? Shocking I know but when Clients do not listen.. what can you do? regards, Paul Watson Cape Town, South Africa e: paulmwatson@email.com w: vergen.org
hey paul where do you work in cape town? i run my own software company there too ... based in tamboerskloof (work from home ... hehe) --- "every year we invent better idiot proof systems and every year they invent better idiots"
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hey paul where do you work in cape town? i run my own software company there too ... based in tamboerskloof (work from home ... hehe) --- "every year we invent better idiot proof systems and every year they invent better idiots"
Hi Lauren, I work for a company named Bluegrass Technologies, in the Newlands area (right across from the cricket ground, which is handy on match days :)). I luckily do not work from home... would never get anything work related done if I did ;) Good to see a fellow South African on here, way too many Canadians and Americans dominating the scene... regards, Paul Watson Cape Town, South Africa e: paulmwatson@email.com w: vergen.org
