BUSINESSWEEK ONLINE : MAY 1, 2000 ISSUE
COVER STORY Craig Winn, Netrepreneur 1977 Winn joins his father's firm, Winn Co., after graduating from the University of Southern California. Works as a manufacturer's rep, selling everything from garbage bags to pots and pans. 1986 Starts Dynasty Classics, a lighting company, which racks up sales of $30 million in its first year. MAY 3, 1990 Brings Dynasty, based in Carson, Calif., public at $11.25 a share. OCTOBER, 1993 Dynasty files for Chapter 11 bankruptcy. MAR. 13, 1996 Winn launches Value America Inc. in Charlottesville, Va. APR. 8, 1999 Brings Value America public at $23 a share. Stock soars to high of $74.25, making Winn's stake worth more than $1.1 billion, until closing at $55.19 per share. 1999 Lavish ad spending makes Value America the second- biggest dot-com advertiser behind E*Trade through September. NOV. 23, 1999 Board ousts Winn as chairman. He begins dumping his shares into the market. DEC. 29, 1999 Winn and partner Rex Scatena cast lone votes against board-approved restructuring plan that lays off nearly half the company's employees. Shortly afterward they resign their board seats. MAR. 30, 2000 Auditors express doubts that company can survive as a going concern. DATA: Business Week _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ BACK TO TOP					RELATED ITEMS The Fall of a Dot-Com COVER IMAGE: The Fall of a Dot-Com CHART: Tale of a Dot-Com's Fortunes TABLE: Craig Winn, Netrepreneur TABLE: Bailing Out ONLINE ORIGINAL: As the E-Tailing Field Clears, Will Amazon Flower? INTERACT E-Mail to Business Week Online

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