Video & transcript: Apoorva Metha, founder & former CEO, Instacart
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.
rkg.blog • demanding.php
sari added
The strategy is largely out of the same playbook as other on-demand apps—capture customers, consolidate control over a high-frequency behavior, expand and cross-sell to other higher-margin categories. But their challenges are significant as well, from spoilage rates on grocery to hard-to-predict inventory requirements and building relationships wit... See more
Sacra • Ultrafast Delivery: The $28B Market to Build the On-Demand Bodega
sari added
Sometimes “willing and able” is a matter of market-timing. A famous example is Instacart: Successful after 80% of Americans carried a smart phone, unlike WebVan which was exactly the same idea, solving the same problem in much the same way, but the market wasn’t ready for it.
longform.asmartbear.com • A Smart Bear » Excuse me, is there a problem?
How did we get to a place where billions of dollars are exchanged in millions of business transactions but there are no winners? My co-host Can and my restaurant friend both defaulted to the notion “delivery is a shitty margin business” when discussing this post. But I don’t think that’s sufficient here. Delivery can work. Just look at a Domino’s s... See more
themargins.substack.com • Doordash and Pizza Arbitrage
A CEO wrote this brutal memo when he realized his billion-dollar startup was failing
Jason Goldbergventurebeat.com
sari added
Reflecting on My Failure to Build a Billion-Dollar Company
sahillavingia.com
andrea and added
With Prime, there were a couple of things. One of our board members, Bing Gordon, always wanted us to have a loyalty program. We were always wondering, “What could a loyalty program be?” A junior software engineer came up with this idea that we could offer people kind of an all-you-can-eat buffet of fast, free shipping. The finance team went and mo
... See moreDavid M. Rubenstein • How to Lead: Wisdom from the World's Greatest CEOs, Founders, and Game Changers
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 disrupti... See more
Alexandre Dewez • 🥕 Key Learnings From our Webinar on Grocery
Lillian Sheng added