Kyle Hagee

It is a little bit. I mean, this was a terrible acquisition by Just Eat Takeaway. They paid seven point three billion dollars for Grubhub at the height of the covid delivery boom. Now they sold it for ninety one percent less than that valuation. They really just kind of bought it at the top. Just looking at the market share of delivery apps in the United States right now.

Grubhub has a market share of 8% compared to 67% with DoorDash, and Uber Eats now has a 23% market share. So Just Eat bought Grubhub to get into the U.S. market, expand their European empire, and they are the biggest food delivery service in Europe. It did not work out as well. People started going back to restaurants, and the overall delivery market just hasn't grown as much as was expected. But

Grubhub has a market share of 8% compared to 67% with DoorDash, and Uber Eats now has a 23% market share. So Just Eat bought Grubhub to get into the U.S. market, expand their European empire, and they are the biggest food delivery service in Europe. It did not work out as well. People started going back to restaurants, and the overall delivery market just hasn't grown as much as was expected. But

Grubhub has a market share of 8% compared to 67% with DoorDash, and Uber Eats now has a 23% market share. So Just Eat bought Grubhub to get into the U.S. market, expand their European empire, and they are the biggest food delivery service in Europe. It did not work out as well. People started going back to restaurants, and the overall delivery market just hasn't grown as much as was expected. But

Now that we tied the bow on Grubhub, let's talk about Wonder, which bought Grubhub. What is your take on Wonder and what they're doing? I mean, it is a sensibly a startup that few people have heard of outside of maybe New York City of seeing these storefronts, but they have insane plans. I mean, $30 billion valuation is insane that if they do achieve that, that would be within 10 years.

Now that we tied the bow on Grubhub, let's talk about Wonder, which bought Grubhub. What is your take on Wonder and what they're doing? I mean, it is a sensibly a startup that few people have heard of outside of maybe New York City of seeing these storefronts, but they have insane plans. I mean, $30 billion valuation is insane that if they do achieve that, that would be within 10 years.

Now that we tied the bow on Grubhub, let's talk about Wonder, which bought Grubhub. What is your take on Wonder and what they're doing? I mean, it is a sensibly a startup that few people have heard of outside of maybe New York City of seeing these storefronts, but they have insane plans. I mean, $30 billion valuation is insane that if they do achieve that, that would be within 10 years.

Chipotle had a $30 billion market cap. After 30 years in business, Shake Shack is worth $5.5 billion right now. This company in its last wonder, in its last funding round, was valued at $5 billion. So clearly investors are betting on Mark Lurie. And you mentioned he had these incredible exits, $3.3 billion to Walmart by Jet.com.

Chipotle had a $30 billion market cap. After 30 years in business, Shake Shack is worth $5.5 billion right now. This company in its last wonder, in its last funding round, was valued at $5 billion. So clearly investors are betting on Mark Lurie. And you mentioned he had these incredible exits, $3.3 billion to Walmart by Jet.com.

Chipotle had a $30 billion market cap. After 30 years in business, Shake Shack is worth $5.5 billion right now. This company in its last wonder, in its last funding round, was valued at $5 billion. So clearly investors are betting on Mark Lurie. And you mentioned he had these incredible exits, $3.3 billion to Walmart by Jet.com.

So it's very interesting what he's doing here and playing around in the restaurant space.

So it's very interesting what he's doing here and playing around in the restaurant space.

So it's very interesting what he's doing here and playing around in the restaurant space.

Yeah, one other differentiating factor is they've partnered with celebrity chefs. So they have they have menus inspired by Bobby Flay and Marcus Samuelson, Jose Andres and people like these. They've actually paid them to use their signature dishes to sell to people. And Mark Lurie wants to give customers a more elevated dining experience.

Yeah, one other differentiating factor is they've partnered with celebrity chefs. So they have they have menus inspired by Bobby Flay and Marcus Samuelson, Jose Andres and people like these. They've actually paid them to use their signature dishes to sell to people. And Mark Lurie wants to give customers a more elevated dining experience.

Yeah, one other differentiating factor is they've partnered with celebrity chefs. So they have they have menus inspired by Bobby Flay and Marcus Samuelson, Jose Andres and people like these. They've actually paid them to use their signature dishes to sell to people. And Mark Lurie wants to give customers a more elevated dining experience.

But what he does really is the goal here is a super app for mealtime. which I think super app is just a buzzy word. I don't know exactly what it means.

But what he does really is the goal here is a super app for mealtime. which I think super app is just a buzzy word. I don't know exactly what it means.

But what he does really is the goal here is a super app for mealtime. which I think super app is just a buzzy word. I don't know exactly what it means.

But now that he bought Grubhub, he wants to go from recipe development through the food preparation, through, you know, bought Grubhub's delivery drivers, through actually fulfillment to create this holistic experience for when you want food, they control everything. And he spent $60 million on IP alone. to own particular brands that they're selling out of these spaces.