Amazon Prime is Kozmo with a profitable version of the business model.
The idea was fine but they didn’t understand they were in a low-margin industry. That pattern showed up a lot, especially where things like shipping were key chokepoints. Cement.com memorably failed but you can easily order building supplies in many places because the real value is proximity and there wasn’t a high-margin business as a middleman.
Maybe someone will try and fail again in 10 or 15 years.