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Blue Apron's 90% Drop Makes It Third Worst U.S. IPO This Decade

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11–20 of 38 posts

Re: Blue Apron's 90% Drop Makes It Third Worst U.S. IPO This Decade

#11
If I were to do a start up right now, I think I would do a meal kit start up (not that I actually know what I’m doing). There’s still a market for it—people really like the kits—it’s the business model that’s the problem. I think the delivery part is where they go wrong. It’s too expensive to cold pack these things every day and deliver them to individual addresses.

I’d try to partner with restaurants to prepare the meal kits. Restaurants have a staff that’s trained to handle food, plus a kitchen to do it safely, and time during the day when they’re not busy. Oh, and they already received regular large food deliveries. Restaurants are well distributed enough that it’s easy enough for people to pick up a kit on the way home from work.

From the point of the startup, there’s not intense capital costs, you just have organize orders and pickups and ensure quality.

Re: Blue Apron's 90% Drop Makes It Third Worst U.S. IPO This Decade

#12

"Company with absurdly expensive food that still requires considerable preparation gets rejected by non-tech workers". Federal minimum wage is $7.25 and median HOUSEHOLD income is around 59k so let's look at their pricing: the cheapest plan they offer is $39.96 a week for 4 servings a week ranging to $143.84 for 16 servings a week for $143.84. That means 1-day's kcals for someone on a 2k kcal diet is $25.68 to $39.96…

What food has the most calories per dolar?

Re: Blue Apron's 90% Drop Makes It Third Worst U.S. IPO This Decade

#13

"Company with absurdly expensive food that still requires considerable preparation gets rejected by non-tech workers". Federal minimum wage is $7.25 and median HOUSEHOLD income is around 59k so let's look at their pricing: the cheapest plan they offer is $39.96 a week for 4 servings a week ranging to $143.84 for 16 servings a week for $143.84. That means 1-day's kcals for someone on a 2k kcal diet is $25.68 to $39.96…

I had an interesting conversation with colleagues about this. They are all well educated people but for some reason they compared these services to eating out, rather than buying food at a grocery store.

Many of my colleagues thought $10/meal was great! My mouth dropped when they claimed how good of a deal this was.

Re: Blue Apron's 90% Drop Makes It Third Worst U.S. IPO This Decade

#14
post #8

"Company with absurdly expensive food that still requires considerable preparation gets rejected by non-tech workers". Federal minimum wage is $7.25 and median HOUSEHOLD income is around 59k so let's look at their pricing: the cheapest plan they offer is $39.96 a week for 4 servings a week ranging to $143.84 for 16 servings a week for $143.84. That means 1-day's kcals for someone on a 2k kcal diet is $25.68 to $39.96…

That’s actually an average meal price for that size meal in NYC. That said, there’s no cooking involved for that $10, unlike with Blue Apron.

There's also no education and skills gained by just buying everything. Blue Apron teaches you how to cook. Simple as that.

Re: Blue Apron's 90% Drop Makes It Third Worst U.S. IPO This Decade

#15
post #7

"Company with absurdly expensive food that still requires considerable preparation gets rejected by non-tech workers". Federal minimum wage is $7.25 and median HOUSEHOLD income is around 59k so let's look at their pricing: the cheapest plan they offer is $39.96 a week for 4 servings a week ranging to $143.84 for 16 servings a week for $143.84. That means 1-day's kcals for someone on a 2k kcal diet is $25.68 to $39.96…

you measure your food's value by cost per kcal?

Of course comparing celery to a McDouble using just kcal/$ is not really appropriate but when comparing two reasonably nutritionally balanced meals it's an ok way to compare value.

Re: Blue Apron's 90% Drop Makes It Third Worst U.S. IPO This Decade

#16

If I were to do a start up right now, I think I would do a meal kit start up (not that I actually know what I’m doing). There’s still a market for it—people really like the kits—it’s the business model that’s the problem. I think the delivery part is where they go wrong. It’s too expensive to cold pack these things every day and deliver them to individual addresses. I’d try to partner with restaurants to prepare the…

I think the cost to subsidize this program is too much. I have countless flyers for $50 off first order etc etc.

I think if I were to enter this space, I would start a B2B meal prep where I have staff go into grocery stores, put together boxes that the stores own customers can buy. I'm not talking about the prepped food, but boxes with all the ingredients. Stores retain some lost customers from these meal kits and people get the experience of cooking something new.

Re: Blue Apron's 90% Drop Makes It Third Worst U.S. IPO This Decade

#17
post #12

"Company with absurdly expensive food that still requires considerable preparation gets rejected by non-tech workers". Federal minimum wage is $7.25 and median HOUSEHOLD income is around 59k so let's look at their pricing: the cheapest plan they offer is $39.96 a week for 4 servings a week ranging to $143.84 for 16 servings a week for $143.84. That means 1-day's kcals for someone on a 2k kcal diet is $25.68 to $39.96…

What food has the most calories per dolar?

>What food has the most calories per dolar?

For DIY food my wild guess would be butter. My somewhat educated guess for prepared food would be something off the value menu at McDonalds/Burger King/Wendys.

Re: Blue Apron's 90% Drop Makes It Third Worst U.S. IPO This Decade

#18
post #7

"Company with absurdly expensive food that still requires considerable preparation gets rejected by non-tech workers". Federal minimum wage is $7.25 and median HOUSEHOLD income is around 59k so let's look at their pricing: the cheapest plan they offer is $39.96 a week for 4 servings a week ranging to $143.84 for 16 servings a week for $143.84. That means 1-day's kcals for someone on a 2k kcal diet is $25.68 to $39.96…

you measure your food's value by cost per kcal?

At their pricing 1-day's kcals for someone on a 2k kcal diet is $25.68 to $39.96 a day depending on the plan.

I spend $45-60 for a WEEK (depending on sales and meat close to sell-by date) and I'm a 300+ pound powerlifter!

Re: Blue Apron's 90% Drop Makes It Third Worst U.S. IPO This Decade

#19

If I were to do a start up right now, I think I would do a meal kit start up (not that I actually know what I’m doing). There’s still a market for it—people really like the kits—it’s the business model that’s the problem. I think the delivery part is where they go wrong. It’s too expensive to cold pack these things every day and deliver them to individual addresses. I’d try to partner with restaurants to prepare the…

I'd buy meal kits from Whole Foods, etc as a way to learn to cook. You could probably get me to even pay subscription fee if the quality was good and you can deliver via the Whole Foods home delivery couriers. You have all the ingredients available, seems incredibly easy to do for a big innovative chain.

Re: Blue Apron's 90% Drop Makes It Third Worst U.S. IPO This Decade

#20

If I were to do a start up right now, I think I would do a meal kit start up (not that I actually know what I’m doing). There’s still a market for it—people really like the kits—it’s the business model that’s the problem. I think the delivery part is where they go wrong. It’s too expensive to cold pack these things every day and deliver them to individual addresses. I’d try to partner with restaurants to prepare the…

You've outlined why grocery stores are going to take over this market, just like they did for roasted chickens in the 90s. I posted about this a year ago:

https://news.ycombinator.com/item?id=14706793

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