The Ledger
Every statement that passed quotation and attribution checks. Mix any filter with any other: certainty 1/5, debate potential 5/5, or both at once.
why aren't all 8 resolved? a statement only gets an assessment when the public record can support or contradict it. opinions and what-ifs never can, and 0 checkable ones are still open, waiting for their date. predictions held up or didn't; assertions are supported or contradicted. on every card: ▮▮▮▮▮ certainty · ▮▮▮▮▮ debate potential. speakers are clickable
Jordan: Instacart lost $20-$25 per order when a16z first invested
“From recollection, they were billing something like 10 or 12 dollars per order when we invested, and they were losing 20, 25 dollars per order on each one”
Jordan: Instacart Avoids Owning Grocery Inventory to Preserve Partner Trust
“That channel conflict is something that Instacart has no desire to do. They want to be the go to partner for the for the gross, the physical grocer.”
Jordan: Instacart reached significant profitability through process optimizations
“Each of those took, you know, many minutes off of each order, and, you know, time is money, and so, you know, that's just the example of the kind of continuous optimizations they were making, trying to get, take minutes and seconds out of the process, and in d…”
Jordan: Instacart lost 75% of users yearly, but remaining users spent 3-4x
“In the case of Instacart the number of users declined pretty precipitously from, you know, first purchase to, you know, 10 purchase a year out, you know, they, the number of users declined something like three quarters. But the users that stayed spent you know…”
Taggar: Gary Tan Saved Instacart and Wired Money to Coinbase
“I think it was he who accepted Instacart into Y Combinator after the deadline had passed for applications, and similarly with Coinbase early on, I think this is public, but there was a moment where they were having a bit of a liquidity crunch, and Gary just wi…”
James: Instacart's Snap EBT integration reached $1B within a year
“When we launched Snap EBT, which is like food stamps to be able to pay with those on Instacart. It became a billion dollar business line in less than a year and then grew up to be four billion.”
Gupta: Instacart lost $20 on every order during its early operations
“When we were losing 20 dollars on every order at Instacart, which we were at the beginning”
Sri Batchu: Instacart was more complex than Opendoor as a four-sided marketplace
“Instacart was in some ways an even more complicated business than Opendoor because it's a four sided marketplace. We have shoppers, we have buyers, we have advertisers, and we have the retailers that are on the platform as well with various different incentive…”