Instacart

“This is, like, a fake IPO, right in terms of how it's being structured. Like, yes, they need to get public, and they're getting public, and they're technically public. Yes, all true. Tiny float, right? You know, set it up, you know, set it up in a way where, l…”

“I just want to give credit to Fiji who came in to this business while it was down, like shrinking, 16% year over year within two years, got it profitable, had like five straight quarters of growth, took it public.”

“Basically everyone, everyone since 2015 is underwater.”

“And I will say in 24, you should still not buy Instacart stock.”

“I actually, I'd much rather own, as I guess I do, a little bit of Reddit than Instacart for a thousand reasons. It's a much easier business.”

“It's the same thing with like late stage private capital. It's like, it's just a shitty asset class, right? Like, it's like, I understand why you want to be a hyper profitable, super Thingy AI companies with infinite pop side and tons of control of their margi…”

“Not only do they have a. 33% annual year or year growth rate already, but they're also now starting to introduce ads and kind of playing that Instacart strategy of, you know, the bigger picture here in terms of how big the market can get.”

“Instacart would be a complete disaster if all the people running around as executives being founder mode. Like, you need them to, like, sign up for goals and hit them and turn cranks and take incredible joy out of hitting their metrics, right, so that you can …”