An Online Grocer For Web 2.0. Just Don’t Call It Webvan 2.0.

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Of Web 1.0’s most memorable implosions, Webvan still takes the cake. The online grocer raised $375 million in an IPO, descended upon eight major U.S. cities, peddled a 26-city expansion plan and somehow warranted a $1.2 billion market cap—all with the burn rate of a ticking time bomb. Eighteen surreal months later, the company closed…



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