My First Million #140 - How Much Do VCs Make?, A Booming Startup Replacing Fridges, and A Board Game Making $5m A Month
9 snips
Dec 25, 2020 Discover the innovative grocery delivery startup, Fridge No More, revolutionizing how we shop without fridges. Dive into the world of GoPuff, a startup with a remarkable growth story rooted in college campuses. Explore how the board game Hunt A Killer is raking in $5 million a month by engaging players in captivating murder mysteries. Plus, get the scoop on the lucrative world of venture capital and angel investing, revealing how much these investors actually make.
AI Snips
Chapters
Books
Transcript
Episode notes
Fridge No More
- Sam Parr discovered a grocery delivery startup called Fridge No More.
- It's a "cloud corner store" offering 15-minute delivery within a one-mile radius.
Fridge No More Business Model
- Fridge No More buys groceries wholesale and sells them at retail price, unlike Instacart.
- Instacart buys at retail and sells at inflated prices, leading to higher costs for customers.
Fridge No More Founders
- The founders of Fridge No More are Russian.
- One founder worked for Mikhail Prokhorov, former owner of the Brooklyn Nets, and the other founded Coub.
