Ghost Sites of the Web

Web 1.0 history, forgotten web celebrities, old web sites, commentary, and news by Steve Baldwin. Published erratically since 1996.

August 01, 2007

Video Memories of was a truly notorious dotcom that overestimated demand for its instant grocery delivery service, overspent on infrastructure, and overpaid its CEO, George Shaheen, who walked away from WebVan's 2001 bankruptcy with an agreement to pay him $375,000 for the rest of his life. Investors, especially those who paid up to $25 to buy shares when WebVan when it went public in 1999, soon saw these shares decline to $0.15.

Think about those investors as you watch the WebVan commercial below, which seems to celebrate mindless violence as its protagonist rips apart a grocery store. We can only imagine that those investors would wish the same kind of violence to be visited against those who engineered WebVan's spectacular fall from dotcom superstar to feckless bum.

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