During the first dotcom boom Hamid Moghadam, like many entrepreneurs, was taken by the idea that the internet would one day revolutionise the way people shop. Moghadam, then a property investor, sold the big chunk of his portfolio that was devoted to shopping centres and poured the cash into warehouses and a $5m stake in Webvan, the pioneering online grocer. Webvan went bust soon after. Read More...
During the first dotcom boom Hamid Moghadam, like many entrepreneurs, was taken by the idea that the internet would one day revolutionise the way people shop. Moghadam, then a property investor, sold the big chunk of his portfolio that was devoted to shopping centres and poured the cash into warehouses and a $5m stake in Webvan, the pioneering online grocer. Webvan went bust soon after.
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