Re:DoorDash raises $535M, now valued at $1.4B
by wuliwong on Thursday March 01, 2018 @03:11PM
(#16495748)
>SpoonRocket had reached a positive contribution margin — it was selling meals for more than it cost to cook, package, and deliver them. But due to other costs and the frosty fundraising climate, it wasn’t able to get the money it needed to continue operating.
I wouldn't describe that as "failing horribly". They just couldn't raise money. I was under the impression that they were turning a profit. Maybe this article isn't accurate, do you have other information? I'm actually quite interested in this story, seems like a cool idea but I imagine the financial side of this needs to be really well managed. So many possible places that costs could get away from you.
Re:DoorDash raises $535M, now valued at $1.4B
by rargulati on Thursday March 01, 2018 @03:39PM
(#16496047)
Others in this space: Sprig (failed) and Munchery (still around) come to mind.
Re:DoorDash raises $535M, now valued at $1.4B
by eli on Thursday March 01, 2018 @10:07PM
(#16498640)
DC has Galley, which cooks and delivers meals that you finish/reheat in your own oven. The food is good and the prices are fair and the delivery is fast (though now you need to pick a "Delivery Window" and sometimes they sell out). I think it's founded by former LivingSocial folks.
Re:DoorDash raises $535M, now valued at $1.4B
by eridius on Thursday March 01, 2018 @03:07PM
(#16495702)
I miss SpoonRocket. It was super convenient and they had some really good food.
They did, it was called SpoonRocket. I loved it, you could get a decent meal delivered in under 5 minutes. But they failed horribly because the economics just don't work out [0].
https://techcrunch.com/2016/03/15/spoonrocket-shuts-down/ [0]