WebVan to Spend $1 Billion on New WareHouses

from the going-all-out dept

Ever since WebVan launched out here in the Bay Area, I thought they've done a pretty good job (as compared to their failed or failing competitors). However, the big question was how do they expand, since they're tied completely to their extraordinarily expensive warehouse. Apparently, the answer is to spend a billion dollars on new warehouses. Who was it who said VCs won't invest in big projects any more?