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Some personal news! Recently, I stepped back from the day-to-day at @Instacart to focus on investing full-time. I sat down with my friend @jaltma on Uncapped to talk about building Instacart and my philosophy on early-stage investing — check it out here!
For this episode of Uncapped I got to sit down with my close friend @Max, cofounder of Instacart 🥕
We talked about the key moments of Instacart...how it got started, critical wins, tough losses, competitive dynamics, earned insights, going public, and Instacart's future.
Max is also an awesome startup investor, and we talked about what he looks for in founders, consumer investing, and what he's building with Workshop.
He's one of the best people I know, hope you enjoy.
(0:00) Intro
(0:36) The inception of Instacart
(4:55) Finding product market fit
(7:20) Landing Trader Joe’s
(11:04) Big levers for growth
(13:36) Operationally complex businesses
(14:55) Amazon’s acquisition of Whole Foods
(17:50) COVID and Instacart’s IPO
(20:02) Prioritizing profitability
(23:21) Avoiding temptations
(24:59) The future of Instacart
(25:53) Investing in consumer
(28:21) Irrationally optimistic founders
(29:49) B2B vs consumer founders
(30:35) How to work with investors
(33:38) Building WorkshopView quoted post on X
