Remember back in 2020 when no one was leaving the house and everyone who could afford to

was ordering their groceries online?

Well, that was Instacart's moment.

Use of the online grocery delivery app soared, and a lot of people thought it would never

end.

Investors thought that the pandemic growth that a lot of these online companies were experiencing

was going to last forever.

This was a fundamental change to consumer behavior, you know, this accelerated five years

of tech growth.

That's what a lot of them believed.

And we've seen this over and over and over with these quote unquote pandemic winners,

like Zoom or Etsy or Peloton, that growth comes down almost as fast as it spiked when

people get back out there in the world and resume to the kinds of behaviors that they

did before the pandemic.

So Instacart experienced that as well.

That's Erin Griffith, who reports on tech startups and venture capital for the New York Times.

She's been covering Instacart on the lead up to their IPO.

The company's been on a bit of a roller coaster since 2020.

They had to evolve after the pandemic.

They saw their sales sort of drop a little bit and they expanded into a few other lines

of business.

So in addition to just doing that same thing of delivering your groceries to you at the

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