Page "Kozmo.com" Paragraph 2

Its headquarters were located in New York City.

According to documents filed with the Securities and Exchange Commission, in 1999 the company had revenue of $ 3. 5 million, with a resulting net loss of $ 26. 3 million.

The company raised about $ 250 million, including $ 28 million from a group of investors in 1999 which included Flatiron, Oak and Chase.

and $ 60 million from Amazon. com in 2000.

It entered a five-year co-marketing agreement with Starbucks in February 2000, in which it agreed to pay Starbucks $ 150 million to promote its services inside the company's coffee shops.

Kozmo. com ended its deal in March 2001 after paying out $ 15 million.

In July 2000, at the height of its business, the company operated in Atlanta, Chicago, Houston, San Francisco, Seattle, Portland, Boston, New York, Washington, D. C., San Diego and Los Angeles.

Kozmo had filed an IPO with Credit Suisse First Boston, but it never went public.

The writing was on the wall for Kozmo, as money woes and public relations mistakes continued to plague the company.

Despite serious concern and many suggestions from its employees to require a minimum purchase and / or a delivery charge, Kozmo continued to use the same business model of free delivery no matter what the price, even if it were a $. 50 pack of gum or candy bar.