Tue. 01/22 - Munchery Enters the Deadpool
Tech Brew Ride Home
Amalgamated Internets, LLC
4.7 • 1K Ratings
🗓️ 22 January 2019
⏱️ 18 minutes
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| 0:00.0 | Welcome to the Tech Meme Ride Home for Tuesday, January 22nd, 2019. I'm Brian McCullough. |
| 0:09.4 | Today, Munchery Bites the Big One. Fox Con considers moving production to India. |
| 0:15.0 | Netflix wants a seat at the adults table and yes, even guitar tech is now tech. |
| 0:21.0 | Here's what you missed today in the world of tech. |
| 0:26.0 | I've jokingly referred once or twice in the past to possibly creating a dead pool for the |
| 0:35.3 | podcast for companies especially in certain sectors that seem to be imperiled. |
| 0:39.1 | I think we've mentioned Evernote and I know we've implied that we're watching movie pass pretty closely. |
| 0:45.6 | But one space that has been struggling mightily that I'm not sure we've talked about is the |
| 0:50.9 | meal kit delivery space. |
| 0:53.0 | Yesterday in an email to customers, |
| 0:56.0 | Munchery officially entered the deadpool |
| 0:58.0 | saying it will end operations effectively immediately |
| 1:02.0 | and will refund any outstanding orders. |
| 1:05.9 | Munchery had raised a total of more than 125 million dollars from venture capitalists including |
| 1:11.2 | Menlo Ventures and Sherpa Capital. |
| 1:13.6 | As I say, the meal delivery space has had its issues. |
| 1:17.7 | Blue Apron I P. |
| 1:19.2 | In 2017, and since then its shares have fallen by more than 80%, closing Friday at a dollar and 40 cents. |
| 1:27.0 | But Blue Apron is one of the meal delivery startups that was a true meal kit. |
| 1:32.0 | They sent you a box containing the pre-portioned |
| 1:34.4 | ingredients of your meal. You still had to cook it up yourself. But Munchery |
| 1:38.8 | like Sprig created its own kitchen for chef-produced pre-made meals. |
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