Dot.Bomb (Review and Analysis of Kuo's Book)
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About this ebook
This complete summary of the ideas from J. David Kuo's book "Dot.Bomb" shows how Craig Winn, a retail business founder, predicted how retail would one day be run by technology. To stay ahead of the curve, he founded ValueAmerica.com, which became a pioneer after the spread of the internet. However, success did not last long. This summary tells the story of how ValueAmerica.com went from a frontrunner, backed by companies like Microsoft, to a failed company that crashed and lost hundreds of millions.
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To learn more, read "Dot.Bomb" and learn from the mistakes of one of the biggest company crashes.
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Dot.Bomb (Review and Analysis of Kuo's Book) - BusinessNews Publishing
Book Presentation: Dot.Bomb by J. David Kuo
Summary of Dot.Bomb (J. David Kuo)
About the Author
J. DAVID KUO worked as senior vice-president of communications for ValueAmerica.com. He joined the company in May 1999 just after its IPO, and left Value America in February 2000, about six months before the company declared bankruptcy. Prior to that, J. David Kuo was a political adviser and CIA operative.
Important Note About This Ebook
This is a summary and not a critique or a review of the book. It does not offer judgment or opinion on the content of the book. This summary may not be organized chapter-wise but is an overview of the main ideas, viewpoints and arguments from the book as a whole. This means that the organization of this summary is not a representation of the book.
Part 1
The mid-90s were an age that no one really knew, but many were beginning to suspect, would be an Age. The Internet and the World Wide Web were without definition but full of wild expectations. While few Yahoo’s, America Online was just a dorky company in a bland Virginia suburb, and the expression ‘dot.com’ sounded odd in conversation, there was an expectant sense that those were just temporary realities – that the Internet was going to change the world, and the retail conducted over it would be the engine. What that really meant wasn’t exactly clear. Only the visionaries could describe the future for everyone else
– J. David Kuo
In late-1995, Craig Winn, the founder of a couple of retail businesses, had a vision that retail would be dominated by technology, making the traditional retail stores and warehouses redundant. The spread of the Internet seemed to mark the point of arrival for that vision, and Winn decided it was time to launch the next retail revolution. He even had a name for his new company – Value America.
Winn’s original business model for Value America was stunningly simple:
Value America would be a one stop shopping center – where people could furnish a house, buy a car, purchase groceries, do their Christmas shopping, equip an office, etc.
Value America would have unparalleled selection – because all the products available would be described in multimedia product demonstrations.
Value America would be state-of-the-art
– with animated personal shopping assistants, voice recognition capabilities and