In the Pipeline: Don't miss Derek Lowe's excellent commentary on drug discovery and the pharma industry in general at In the Pipeline

Corante New York

« New York teachers enter the blogosphere | Main | Take me to the river »

August 22, 2005

MaxDelivery and the $1 million shoestring

Email This Entry

Posted by Dominic Basulto

Last week, the New York Post had a brief profile of New York-based MaxDelivery, the latest reincarnation of Internet delivery service Obviously, there is demand across the city for Internet delivery services -- the only problem is finding an appropriate business model.

It's kinda like what happened with Internet groceries. Webvan and others of its ilk flamed out after running through tens of millions of VC funding, but now it looks like FreshDirect has found a business model that works in New York City.

Red Herring follows up on the New York Post's story about MaxDelivery, noting that "MaxDelivery started on a $1-million shoestring, culled from Mr. Siragusa’s savings and money he raised from family and friends."

A $1 million shoestring? Damn, those are expensive shoes.

Comments (0) + TrackBacks (0) | Category: Venture capital

TrackBack URL:


Email this entry to:

Your email address:

Message (optional):

East Village bar up for sale on eBay
Eliot Spitzer takes on the national cinema chains
California winemakers to sell wine to New Yorkers via the Internet
A blogger could become "Media Person of the Year"
A la carte cable TV pricing
NYSIA Incubator launch party tonight
Why the mathematics of congestion pricing don't work
Enjoy the holiday shopping bargains at Century 21 while you can