We bootstrapped @cbinsights by first building a different business involving hedge funds, too big to fail banks, and $100,000 PDFs. Data and information services nerds, you might enjoy this. Backstory ▪️ My first day of freedom from big company employment: Jan 1,... See more

Over the next year, the Instacart team turned the company around. We went from losing $15 an order to making $3 an order. Without raising additional capital we built a cash buffer that was good for another year plus. We accomplished more in that 12-month period than I ever thought possible.

The grocery value chain is highly fragmented and new players operate on a variety of segments: restaurant delivery (Deliveroo), multi-product delivery (Glovo), grocery personal shopper (Instacart), and instant delivery shopping (GoPuff or Gorillas). Such actors can be both competitors and partners for traditional retailers. Faced with such... See more