CNLP 572 | Mike Evans, Founder of Grub Hub, on Start Ups, Dead Ends, Scaling Toward a 2.6 Billion Dollar IPO, And How to Win When You're Not First to Market
The Carey Nieuwhof Leadership Podcast
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The Dark Ages of the Internet
In 2002, GrubHub was just an advertising service. The first big unlock in the business turned out to be a dead end. Later on, that became a real liability because we were addicted to the revenue from the phone system. When you're when we were making a hundred million dollars a year, 10 million dollars of that was coming through the phonesystem.
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