Can Take on Amazon and Win?

Until this morning, most visitors to the shopping Web site were greeted with a large virtual timer that counted the days, hours, minutes, and seconds until its launch. Up until that point, the site’s main distinction was that it had raised two hundred and twenty-five million dollars before the public could buy anything on it. Even granted that venture capitalists can be irrational and prone to excess, a startup has to appear poised to deliver on big promises in order to raise that...

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