Webvan
Strategic Concepts & Mechanics
Primary Evidence
"Based on information released by the US stock market authorities, here are some of the startups in which Bernard Arnault has invested through his Dutch companies: 1800 Flowers (online flower-gift retailer); Ashford (cultural products e-commerce site); Boo (clothing e-commerce site); Boxman (online record store); Cryo Networks; Datek Online (online broker); e-Bay (online auctions); e-loan (real estate loans); epo.com (financial site); Firstmark (wireless local loop), in which Groupe Arnault invested $ 120 million; Furniture (office furniture e-commerce site); FusionOne (wireless technology); LeisurePlanet (tourism); Mercata (group buying); Mortgage (loans and credits); MotherNature (health and beauty); Pilinvest; MP3. com (online music); MyFamily.com (community site); Netflix (DVD rental); Oxygen Media (women's internet and TV), in which Groupe Arnault invested $ 122 million; Petopia (pet-related site); PlanetRX (health); VideoNet (interactive internet); Webvan (online grocery)."
"holder, the billionaire Bernard Arnault, was passionate about the internet. On his frequent trips to the US, he had seen at first hand the impact this new medium was having on traditional retailers. Like us, he knew it was only a matter of time before the e-tailing craze hit Europe. For almost a year now he had been making small, but lucrative investments in US dot.coms like eBay and Webvan. Helping him scout for deals was Jean-Bernard Tellio, a suave, fast- talking, former curator of the famed Centre Pompidou in Paris. We"