9 of 10
BACKNEXT
Kozmo.com
Kozmo.com
Really want a pint of ice cream, but don't want to walk to the corner store? Too bad Kozmo.com isn't around anymore.

The delivery service would allow urban customers to order a wide array of products, including CDs, DVDs, electronics and snacks. Deliverymen would then come and deliver the order to customers' doors for free within one hour.

Kozmo.com, which was available in nine cities, was once seen as a new method of delivery for online purchases that would eventually challenge UPS and FedEx. Kozmo secured about $280 million from investors, including $60 million from Amazon.com. and a $150 million promotion deal with Starbucks.

But free delivery and no minimum purchase became the company's undoing. Kozmo.com had to withdraw plans for an initial public offering in the summer of 2000, citing unfavorable market conditions and losses of $26 million in 1999.

The company laid off 900 of its 2,000-person workforce and instituted a $10 minimum charge in the first quarter of 2001, but it was forced to shut down its service in April 2001.

NEXT: Garden.com
Last updated March 10 2010: 9:38 AM ET
Email | Print | Share  |  RSS
 
google my aol my msn my yahoo! netvibes
Paste this link into your favorite RSS desktop reader
See all CNNMoney.com RSS FEEDS (close)
More Galleries
50 years of the Ford Mustang Take a drive down memory lane with our favorite photos of the car through the years. More
Cool cars from the New York Auto Show These are some of the most interesting new models and concept vehicles from the Big Apple's car show. More
8 CEOs who took a pay cut in 2013 Median CEO pay inched up 9% in 2013 to $13.9 million. But not everyone got a bump last year. Here are eight CEOs who missed out. More

Special Offer
Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer LIBOR Warning: Neither BBA Enterprises Limited, nor the BBA LIBOR Contributor Banks, nor Reuters, can be held liable for any irregularity or inaccuracy of BBA LIBOR. Disclaimer. Morningstar: © 2014 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.