Year Of Birth: 1998
Year Of Demise: 2001
CEO: Joseph Park
Founded By: Joseph Park and Yong Kang
On paper, Kozmo sounded like a great idea. A free delivery service that promised to bring anything from DVDs to Starbucks coffee to your door in less than an hour. The company’s founders woefully underestimated the cost in transporting small goods, promising free delivery with no minimum purchase. The company was forced to close its doors and lay off some 1,100 workers when the dot-com bubble burst. However, the company’s CTO, Chris Siragusa, launched MaxDelivery in 2005, a Manhattan-based company similar to Kozmo that’s still in business. Just goes to show, even a failure can be a learning experience.