DESK 2 — FILE OPEN
FOLDER W-0709CASE #2001-0709SHELF 4 / ROW C
CLOSED
BUREAU OF COMMERCIAL DEATHS
DIVISION OF COLD CASES / FORM 41-D / DEATH OF A GOING CONCERN
CASE NUMBER
CASE #2001-0709
SUBJECT
WEBVAN GROUP, INC.
DATE OPENED
1996 — Foster City, California
DATE CLOSED
July 9, 2001
KNOWN ALIASES
WBVN (NASDAQ); absorbed HomeGrocer
INVESTIGATOR
Det. Redact
CAUSE OF DEATH
Subject built $1,000,000,000 of warehouses for a customer base of 750,000.
PEAK VALUATION
$7,900,000,000 (November 1999, first day of trading)
ASSETS RECOVERED
Distribution assets to Amazon; brand valued at nil
CLASSIFICATION — MARK ONE
FRAUD
NEGLIGENCE
✕HUBRIS
MARKET FORCES
UNKNOWN
EVIDENCE SUMMARY
Subject committed to expansion in twenty-six cities on a delivery model not yet profitable in one.
Warehouse automation was completed as designed. Order volume was not.
Subject’s model was reconstituted profitably by other parties approximately twenty years later.
Remainder of statement sealed:
FILED BY Det. Redact · BADGE 0001NO FURTHER ACTION AUTHORIZED
PROPERTY OF THE BUREAUDO NOT REMOVE FROM ROOM 0114
MARGIN NOTE — INVESTIGATING OFFICER
This one was right and early. In this building, early files exactly the same as wrong.
Correct. Just not yet.
EVIDENCE TAG
ITEM W-0709
SUBJECT WEBVAN GROUP, INC.
RECEIVED 2001
CONDITION AS FOUND
SUBJECT WEBVAN GROUP, INC.
RECEIVED 2001
CONDITION AS FOUND