2min chapter

My First Million cover image

SVB Collapse Explained, D2C Brands That May Fail, And Suli's Next Venture

My First Million

CHAPTER

Is That a Bad Strategy?

Grove Collaborative is a San Francisco based startup that's 10 years old. They started out being this marketplace of kind of natural product. And it went public through a SPAC and it has the same problem as all birds and away luggage. Grove Collaborative stock is down 96% and has a market cap of $70 million. It's worth way less than the cash that they've raised.

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