Instacart in Talks to Raise $400M at $3B Valuation • Hacker News Board

Re: Instacart in Talks to Raise $400M at $3B Valuation

#81

Post by brokenmasonjars » Thu, Mar 02, 2017, 9:31 PM UTC

rrdharan wrote: post #60

brokenmasonjars wrote: post #48

Earlier quoted context omitted.

None of my grocery stores within the 60 minute range offer delivery. I wish they did. I live outside of a major city, in a pretty wealthy area. There is no instacart, no amazon fresh, etc. Uber doesn't even deliver here. It's pretty lame and the population exists to support even just one of these services. Aggravates me a lot..which is an understatement.

Where do you live? Does seem surprising...

Outside Philly, Upper Makefield. I think we have FreshDirect which some how manages to encourage people just to go the shops themselves due to how terrible their service is.

Re: Instacart in Talks to Raise $400M at $3B Valuation

#82

Post by toephu2 » Thu, Mar 02, 2017, 9:34 PM UTC

lawless123 wrote: post #61

ulfw wrote: post #55

Earlier quoted context omitted.

San Francisco is an odd place. And so is Silicon Valley and the big brands we all know. Most of what startups there do is to solve local problems of San Frnacisco (and there are MANY!). Taxis suck? -> Uber Hotels super shit and your rent is super high? -> AirBnB Restaurants don't deliver -> various delivery services Wholefood et al doesn't deliver -> various delivery services No laundry in your $5000 rental apt -> la…

>Most of what startups there do is to solve local problems of San Francisco (and there are MANY!). San Francisco must be a paradise on Earth then? I've never been.

Tech center of the world with a 1970's subway system that sucks in more ways than one (hurts your ears inside and out, dirty, not on time, not many stops, frequent maintenance issues, etc.).

Re: Instacart in Talks to Raise $400M at $3B Valuation

#83

Post by arikr » Fri, Mar 03, 2017, 10:26 PM UTC

laser wrote: post #59

arikr wrote: post #33

Earlier quoted context omitted.

Not appropriate to count entire cart/shopping spend as Instacart's revenue. Think of that as "GMV". Instacart's revenue is their delivery charges, service charges, and any money the stores pay them / % fees. See #6 here http://a16z.com/2015/08/21/16-metrics/

Great article, thanks.

:)