Shipt
company on 2 shows · 11 statements across 2 episodes · said 33 times in 4 episodes since 2021
the Pitch 31 
My First Million 2
Mentions by year, every show
tap a year for its mentions
the Pitch 31My First Million 2
2024 31 mentions in 2 episodes 16 per episode
every mention on every show, scene by scene, with the transcript →
11 statements about Shipt, every show
Smith invested $1 million of his own money to launch Shipt
“I invested probably a million dollars total to get to this point.”
Smith: Shipt Presold 1,000 Memberships in 4 Weeks Before Building App
“My goal was to sell a thousand. I think within three weeks we had sold 750 or something like that. A week later we were at a thousand and that's when we stopped sales.”
Smith: Instacart Raised ~$250M Before Shipt Opened
“So at the time there was a company called Instacart. They had raised something like two hundred and fifty million dollars before shipped was even open.”
Smith: Shipt grew roughly 300% in its second and third years
“I mean, it was, it probably grew 300% the second year, and 300% the third year.”
Smith personally wired funds to cover Shipt payroll before Series B
“So I remember we were working on closing the B And we literally ran out of money to make payroll, and I had to fund it, you know, personally. I had to wire money in from my own bank account to cover payroll to get us through.”
Smith: Amazon's Whole Foods Buy Sparked Inbound Acquisition Interest for Shipt
“Multiple retailers called us within the couple of weeks from that transaction, and they wanted to meet, and, you know, you could tell they were looking to acquire somebody.”
Smith: Absorbing acquired startups and stripping their identity often leads to failure
“Some companies can do an acquisition, and they will absorb the company they're acquiring, and integrate it in, and you kind of lose your identity, and a lot of times these acquisitions become failed acquisitions.”
Graycroft pushed Smith to consider not selling Shipt to Target
“My partner there really pushed me to consider not selling. He said, look, I'm going to do whatever you want to do. I mean, you're the CEO and, you know, whatever you want to do, we're with you.”
Smith: Target acquired Shipt in an all-cash deal exceeding $550M
“Five hundred and fifty million dollars is actually a little more than that. That was on the table and an all cash deal.”
Bill Smith: Shipt and Landing would have failed if launched two years later
“The timing of everything that I created, if you just rolled it forward two years, it wouldn't have worked. In, InSight wouldn't have worked. Shipt would have missed, completely missed the window. Even landing, we would have missed the window because there's ju…”