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  • 1. ENTREPRENEURSHIP STORIES FACEBOOK WEBVAN Presented By : DILIP SINGH KUMAR SARVESH RAJEEV SHARAN
  • 2. FACEBOOK :SUCCESS STORY
  • 3. Mark zuckerberg Born and brought up in New York Age : 26 yrs Nationality : American Education : Phillips ExeterAcademy and Harvard College
  • 4. DevelopmentsProgram to help the workers in his fathers office communicate Version of the game “Risk” Synapse Media Player Facemash Facebook
  • 5. About facebookSocial networking website launched in February 2004 Operated and privately owned by Facebook, Inc.More than 500 million active users Multilingual availability
  • 6. Founding Offacebook
  • 7. the Roots of Facebook Culture• Phillips Exeter Academy (or"Exeter") is a private boardingschool for grades 9 to 12, located inExeter, New Hampshire.• Exeter has a tight-knit boardingcommunity that lives on campus fulltime.• Students refer to themselves as"Exonians" and have a strong groupidentity rooted in a rich culture ofcustoms and tradition.
  • 8. The photo address book
  • 9. At harvard’sKnown at Harvard as thesophomore who had builtFACEMASH a "Hot Or Not" clone forHarvard.
  • 10. • In the fall of 2003, Harvard seniors CameronWinklevoss, Tyler Winklevoss, and DivyaNarendra were on the lookout for a webdeveloper who could bring to life an idea : asocial network for Harvard students and alumni. HarvardConnections.com
  • 11. It was during the working of this site, mark got the idea of starting Facebook. Eduardo, one of his friends at Harvard agreed to pay for his servers and invested $15,000 in the companyThe site was launched from his room in the college in the year 2004. In 2006, he launched News Feed In 2007, Zuckerberg announced a Facebook Platform that allowed programmed developers to create social applications within the website.
  • 12. Facebook : the success factorsProvide pre-existing offline community with a complementary online service Huge market Studying competiting websites and providing new features The launch strategy By college student for college students Aggregation of a series of deeply penetrated micro communities
  • 13. WEBVAN :FAILURE STORY
  • 14. About webvan Online "credit and delivery" grocery business Headquartered in Foster City, California, USA Founded by Louis Borders, in late 1990’s Delivered products to customershomes within a 30-minute window of their choosing
  • 15. San Francisco Bay Area Dallas San Diego Los Angeles Seattle Chicago Orange County Portland Atlanta Sacramento
  • 16. More about webvan• Business model involved a hub-warehouse inthe center where the products would bestored, transfer stations where items would betransported by the fleet of trucks serving anapproximately 60-mile area.• Had a 24-hour online ordering system• Webvan took its first order on June 2, 1999.
  • 17. bankruptcy 9th of July, 2001 Firing 2,000 workers Filed for bankruptcyNon-perishable food was donated to local food banks
  • 18. webvan: the failure factors An incorrect business modelManagement’s lack of retail food experienceInaccurate prediction of demand Investment before revenueThe high cost of running an online grocery business
  • 19. webvan: the failure factors Erroneous target marketingLack of demographic understanding A lack of understanding of thesociology and psychology of retailing food
  • 20. CONCLUSION
  • 21. references FACEBOOK WEBVANwww.readwriteweb.com www.businessweek.comwww.fastcompany.com www.wikipedia.orgwww.brighthub.com www.foodnavigator.comwww.businessinsider.com news.cnet.comwww.wikipedia.org
  • 22. THANK YOU