NOBODY TELL HIM WE MOVED THE GOALPOSTS

“We have a viable business model. The only question is whether we will have access to capital to get us the last five yards.”

Send.com CEO Mike Lannon, inviting investors to kick in more cash, The New York Times, 21 November 2000

Advertisements

DEAR INVESTORS: SIT DOWN. ROLL OVER.

“I am pleased to announce that our Board of Directors recently approved a cash bonus arrangement for certain key employees of Pets.com, Inc., including yourself.”

Pets.com executives Julie Wainwright and Chris Deyo in letters they sent each other shortly before they closed the company, divvying up some of the rapidly dissolving retailer’s cash on hand in a mutually-agreed $225,000 retention bonus, Pets.com quarterly filing, 14 November 2000