Part 3: Unit economics – Because you gotta survive long enough to make the $

A few weeks ago, Instacart, the grocery delivery service provider, announced that 40% of its business had achieved profitability…at the unit economic level. According to the Bloomberg article, Instacart has raised $275mm in equity since its founding in 2012. This story is the perfect case study to conclude our unit economics discussion. Unit economics andContinue reading “Part 3: Unit economics – Because you gotta survive long enough to make the $”

Part 2: Unit economics – Because you gotta survive long enough to make the $

I received feedback from some of my readers that my latest post wasn’t easy to understand. So I spent the remainder of last week brainstorming ways to explain the concept better. The light switch moment occurred on Sunday while I was running the New York half marathon. I spent most of the race sketching outContinue reading “Part 2: Unit economics – Because you gotta survive long enough to make the $”

Unit economics – Because you gotta survive long enough to make the $

Last week, I attended the Expo West trade show in Anaheim with colleagues. This event is a great American show of entrepreneurial aspiration and competitiveness. Entrepreneurs showcase their product and contend for opportunities with buyers, vendors and investors. What struck me was that unlike middle school, not all of these great companies take home aContinue reading “Unit economics – Because you gotta survive long enough to make the $”

If it doesn’t make sense it doesn’t make $ – In support of spreadsheets

Outside of investing, I occasionally enjoy listening to hip hop music. A shared trait between the two trades is a maniacal focus on “the things that matter”. In hip hop it’s almost always cash and in investing it’s return on investment. Hip hop artists and investors alike casually drop catchy phrases to reinforce this philosophy.Continue reading “If it doesn’t make sense it doesn’t make $ – In support of spreadsheets”

CDs and Sunglasses – Not all $ are created equal

One afternoon, a long time ago, I was taking a stroll on Times Square and made a snap decision to buy a digital camera to bring as a gift to my parents on my next visit. I walked into one of the touristy electronic stores. The owner, some enthusiastic chap, thought it worthwhile to rehearseContinue reading “CDs and Sunglasses – Not all $ are created equal”