Louis Borders
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Louis Borders | |
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| Alma mater | University of Michigan MIT |
| OccupationTemplate:Pluralize from text | Businessman |
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| Known for | Founder of Borders and Webvan |
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Louis Borders is the founder of both Borders (in 1971) and Webvan (in 1996).[1][2]
Education
Borders studied mathematics at the University of Michigan during his undergraduate years and MIT for graduate work.[citation needed]
Career
Borders
The original Borders bookstore was located in Ann Arbor, Michigan, where it was founded in 1971 by brothers Tom and Louis Borders during their undergraduate and graduate years at the University of Michigan.[3][4] The Borders brothers' inventory system tailored each store's offerings to its community. Kmart acquired the company for $125 million in 1991.[4][5][6] In 2011, the company went bankrupt and closed.[7]
Webvan
In 1996, he founded the online retailer and grocery company, Webvan.[1][2] Customers could order their groceries online and have them delivered to their door.[4] The company was valued at $8 billion in only three years, however, the company was defunct by 2001.[4][8] In 2020, Borders tried to start the company back up, with Webvan 2.0 and raised $30 million in funding.[4][9][8]
References
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- ^ a b Page Module:Citation/CS1/styles.css has no content.Fost, Dan (July 30, 2003). "Louis Borders: Older and wiser Webvan founder eases back into the fray with Web content venture - SFGate". Sfgate.com. Retrieved January 10, 2016.
- ^ a b Page Module:Citation/CS1/styles.css has no content."Louis Borders Webvan Founder HDS - Business Insider". Businessinsider.com. Retrieved January 10, 2016.
- ^ Page Module:Citation/CS1/styles.css has no content."By the Book". Northwestern.edu. Retrieved January 11, 2010.
- ^ a b c d e Page Module:Citation/CS1/styles.css has no content.Debter, Lauren. "Founder Of Borders Bookstores, Webvan Returns With Dreams Of Beating Amazon At Food Delivery". Forbes. Retrieved November 25, 2025.
- ^ Page Module:Citation/CS1/styles.css has no content."COMPANY NEWS; KMART TO PURCHASE BORDERS BOOKSTORES CHAIN (Published 1992)". October 3, 1992. Retrieved November 25, 2025.
- ^ Page Module:Citation/CS1/styles.css has no content.Osnos, Peter (January 11, 2011). "What Went Wrong at Borders". The Atlantic. Retrieved November 25, 2025.
- ^ Page Module:Citation/CS1/styles.css has no content.Noguchi, Yuki (July 19, 2011). "Why Borders Failed While Barnes & Noble Survived". NPR. Retrieved November 25, 2025.
- ^ a b Page Module:Citation/CS1/styles.css has no content.Bindman, Ariana (October 15, 2024). "The disastrous rise and fall of a $10 billion Bay Area unicorn". SFGate.
- ^ Page Module:Citation/CS1/styles.css has no content."Webvan's founder is launching another online grocery business | Grocery Dive". www.grocerydive.com. Retrieved December 5, 2025.
