3min chapter

How I Built This with Guy Raz cover image

ButcherBox: Mike Salguero

How I Built This with Guy Raz

CHAPTER

Can Venture Capital Be Used to Grow Box Subscription Companies?

In 2021, your revenues surpassed half a billion dollars. And I have to imagine that a lot of that came from people stuck at home during the pandemic and really kind of maybe discovering it, but also just not wanting to go to the grocery store. So yeah, we've grown very quickly clearly struck a nerve in terms of delivering a product that people are really looking for. But one of the things that happened while we grew this company is Blue Apron went public and immediately started trading well below their last private well below. Who knows what in their last investors lost their shirt.

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