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Tech Brew Ride Home

Tue. 01/22 - Munchery Enters the Deadpool

Tech Brew Ride Home

Amalgamated Internets, LLC

Tech News, News, Technology

4.71K Ratings

🗓️ 22 January 2019

⏱️ 18 minutes

🧾️ Download transcript

Summary

Munchery bites the big one, Foxconn considers moving production to India, Netflix wants a seat at the adults table, and, yes, even guitar tech is now tech. Sponsors: Metalab.co DatadogHQ.com/ridehome Links: Munchery closes on-demand meal-delivery business (San Francisco Chronicle) Foxconn Looks Beyond China to India for iPhone Assembly (WSJ) Apple Supplier in Japan Looks to Taiwan for Bailout After iPhone XR Letdown (WSJ) Apple Pay coming to Target, Taco Bell and more top US retail locations (Apple Newsroom) Netflix in advanced talks to join major Hollywood lobbying group (Politico) Rosetta Stone for iPhone adds AI to identify objects for live translations (VentureBeat) FENDER'S NEW ACOUSTIC GUITAR HAS A MILLION DIFFERENT VOICES (Wired) Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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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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