20VC: Sprig's Gagan Biyani on The 3 Principles Of Fundraising and Building The World's Largest Restaurant

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The Twenty Minute VC

Finance, Venturecapital, Tech News, News, Siliconvalley, Technology, Investing, Startups, Business

4.4 • 637 Ratings

🗓️ 8 April 2016

⏱️ 28 minutes

🔗️ Recording | iTunes | RSS

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Summary

Gagan Biyani is the CEO and Co-Founder @ Sprig, on a mission to build the world's largest restaurant providing healthy and sustainable food. Sprig has attained funding from the likes of Greylock Partners, Accel and Battery Partners. Prior to Sprig, Gagan was the Interim Head of Marketing @ Lyft, where he wrote the first Lyft new market launch playbook and launched Lyft LA. Before that Gagan, was the Co-Founder and CEO of the world's largest online teaching and learning marketplace with the founding of Udemy.

In Today's Episode You Will Learn:

1.) What was the origin story for Sprig? What was the aha moment?

2.) Question from Josh Elman: What lessons have Sprig and Gagan learnt from Chipotle, both in terms of their growth and their food?

3.) What are the coolest things that Gagan has learnt about foods that have learnt and not worked from user and product testing?

4.) On TWIST Gagan stated that the food delivery market is a winner take all market , so what makes Gagan believe that and what will ensure that Sprig is the startup that will be victorious?

5.) How do Sprig address expansion theory? Are they the Uber or the Lyft in terms of aggressive market expansion? How do Sprig choose which new market to enter? Is there a scientific approach?

6.) From having raised 9 rounds of VC and angel funding, what are Gagan's biggest tips and takeaways to anyone entering the VC or funding process?

Items Mentioned In Today's Episode:

Gagan's's Fave Book:

The Tragedy of Great Power Politics

As always you can follow The Twenty Minute VC, Harry and Gagan on Twitter here!

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Transcript

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0:00.0	Welcome back to the 20-minute VC with your host, Harry Stebbings. And before we jump into the show
0:04.9	stay, would you like to join me in entering the offices of the world's most prestigious VCs and
0:09.5	startups? Well, now you can by following me on Snapchat at H. Stebbings. That's Stebbings with two
0:15.5	B's for all the lowdown. And for this very special episode of Founders Friday, as you will know from our episodes
0:21.3	with Josh Elman and Sarah Tavill. This week, we were featuring one of the world's greats from VC,
0:26.9	Greylock Partners. And so for this Founders Friday, what better ways to continue that feature
0:31.4	than to welcome one of Greylock's own incredible portfolio companies? Therefore, joining me today,
0:36.8	I'm thrilled to welcome Gargan
0:38.4	Biyani. Now Gargan is the co-founder and CEO of Spreeg, where he's on a mission to build the
0:43.9	world's largest restaurant, providing healthy and sustainable food to the world. Prior to Sprague,
0:49.6	Gargan was Lyft's interim head of marketing, where he wrote Lyft's new market launch playbook,
0:54.7	and he launched Lyft, L.A. And before that, he was the co-founder and president of the world's
0:59.2	largest marketplace for teaching and learning, with the founding of UDEMI. However, before we dive
1:04.8	into our show today with Gargan, the 20-minute VC is brought to you by Lisa. Lisa are like
1:09.8	the Tom's and Warby Parker of the mattress
1:11.8	industry. Why? Well, having created an awesome online end-to-end mattress buying experience, replacing
1:17.5	the worst ever experience of buying and testing a mattress in the showroom, that still is not
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1:29.6	And these mattresses are not just any mattresses. They're engineered with three unique layers,
1:33.9	including two inches of memory foam and two inches of latex light foam designed to keep you cool.
1:39.4	And not only are they engineered to perfection, but all Lisa mattress are made in the UK and US and can be shipped
1:45.4	for free to the US, UK and Canada. They also have a 100-night trial, so what's the risk? Head over to
	...

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