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JUN 17, 2013 - Business Insider

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The People Running Amazon's Grocery Business Are The Ones Who Blew $800 Million Building Webvan (AMZN)

SAN FRANCISCO (Reuters) - The online grocery start-up Webvan may have been the single most expensive flame-out of the dot-com era, blowing through more than $800 million in venture capital and IPO proceeds in just over three years before shutting its doors in 2001. Twelve years later, though, Webvan is rising from the dead - in the form of an online grocery business called AmazonFresh. Four key Amazon.com Inc executives - Doug Herrington, Peter Ham, Mick Mountz and Mark Mastandrea - are former Webvan officials who have spent years analyzing and fixing the problems that led to the start-up's ... Read More

Tags: The People Running Amazon's Grocery Business Are The Ones Who Blew $800 Million Building Webvan (AMZN),  Sequoia Capital Latest News