Bryce Elder / Financial Times:
Lessons from the rapid grocery delivery boom: $10B+ of VC money, used for ads and promos, created the market from nothing, app downloads have cratered, and more — The failure and folly behind a $10bn bribe to not go to the shops — The inflation adjusted price for delivering you a packet …
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Thursday, August 31, 2023
Lessons from the rapid grocery delivery boom: $10B+ of VC money, used for ads and promos, created the market from nothing, app downloads have cratered, and more (Bryce Elder/Financial Times)
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Sources: after five Thinking Machines staff left, investors are rattled, potentially impacting fundraising; two researchers quit via Slack during an all-hands (The Information)
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