Kozmo was founded in 1997 by 25-year-old Joseph Park, and ballooned to over 3,300 employees before running out of money in April 2001. According to The New Straits Times, Park was a former Goldman Sachs securities analyst who conceptualized Kozmo after growing impatient with Amazon’s multiple-day delivery service. Orange-suited ‘Kozmonauts’ were apparently a common sight in turn-of-the-millennium NYC.
Bloggers and industry analysts, of course, see this as a clear sign of irony: we’re in Tech Bubble 2.0, and even the ghosts of failed startups are clinging to the edge. But the really funny thing is, a very similar company to Kozmo has already received funding: PostMates, a courier service that launched in NYC in May. PostMates guarantees delivery of anything within an hour, with fees starting at $5.
Nothing compares to the free delivery of Kozmo’s hey-day, but it’s pretty obvious that Kozmo will be demanding service fees this time around….unless they genuinely enjoy declaring bankruptcy.