Craig Winn
Craig Winn is an American businessman noted for founding Value America, a tech company that failed in one of the more spectacular crashes of the Dot-com bubble in 2000. Business career In 1977 Winn joined his father's company, Winn Co., after graduating from the University of Southern California with business degrees in marketing and finance. There he worked as a manufacturer's representative."Craig Winn, Netrepreneur,"
''Businessweek'' 2000 article In 1986, he founded and built a lighting company called Dynasty which he brought public in 1990, making him his first fortune. The company went bankrupt in 1993. In 1996, he became a Dot-com company, Dot.com entrepreneur when he founded Value America, an early sort of electron ...
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Value America
Value America or VA was a dot-com company founded in Nevada in 1996 by Craig Winn and Rex Scatena, and relocated to Charlottesville, Virginia, Charlottesville, Virginia in February 1998. Its business model involved connecting customers on the Web directly to manufacturers, with the intent of providing better pricing and faster shipping (a Just In Time (business), just-in-time model similar to those used by Wal-Mart and Dell). Customers could order a wide range of products from VA's website, then VA would transmit the orders directly to the manufacturers, and the manufacturers would then package the products and ship them directly to the customer. Winn referred to this concept as "convergence commerce".Bijlefeld, Marjolijn"Crazy Craig's C-Commerce", ''Virginia Business'', January 2000. Retrieved September 10, 2007. Value America was backed by Microsoft co-founder Paul Allen's Vulcan Inc., Vulcan Ventures and FedEx co-founder Frederick W. Smith. Initial Success Value America's in ...
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