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The Pitch cover image

#132 The Exit: Selling Shipt for $550 Million

The Pitch

NOTE

Entrepreneurial Struggles and Pivot to Grocery Delivery Service

Initially investing a million dollars in a failed business launch through an app for picking up orders from stores like Target and Best Buy, the entrepreneur realized the model was flawed. Gathering feedback from customers, he noticed a recurring request for grocery delivery. The idea solidified after experiencing the hassle of grocery shopping with kids, prompting him to pivot the business model to focus on delivering groceries, leading to the inception of a successful grocery delivery service.

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