Posted on 2nd November 2022 by hstebbings1
Raf Illishayev is the Co-Founder and CEO @ GoPuff, one of many market leaders delivering each day necessities in minutes. GoPuff’s newest funding spherical priced the corporate at a reported $8.9Bn in March 2021 and up to now, Rafael has raised over $2.4Bn for the corporate from the likes of Accel, Softbank, Constancy, Baillie Gifford, D1 Capital and extra. Rafael has scaled the corporate to over 1/3 of the US with over 12,000 staff nationwide.
In Immediately’s Episode with GoPuff’s Rafael Ilishayev You Will Be taught:
1.) From Pupil to World CEO:
- How Raf got here up with the concept for GoPuff and began the corporate as a scholar with no funding?
- What had been the early indicators of product-market match that Raf noticed within the early days?
- In hindsight, does Raf want they’d raised exterior funding ahead of they did? What would elevating exterior funding sooner have modified about the best way they run the enterprise?
2.) The Rise and Fall of Fast Commerce:
- What are the core drivers which have led to capital drying up for gamers within the fast commerce area?
- With the altering surroundings, is it a race to profitability for all suppliers within the area?
- Is that this the right time for GoPuff to amass? What are the traits of companies within the area that GoPuff would vs wouldn’t like to amass?
- How does Raf see the short commerce area trying in 5 years time?
3.) Attending to Profitability: The Levers That Matter:
- Buyer Service: Why does Raf imagine that each one gamers pulling again on investing in customer support are making a large mistake? What may be completed as a substitute?
- Supply Time: Why does Raf imagine the 10-minute supply mannequin is essentially unprofitable? How do GoPuff method it in consequence?
- Stock: With a altering macro-environment, why does Raf imagine it’s prudent to focus extra consideration on alcohol and comfort items? What do prior recessions present us about client spending patterns altering?
- Metrics: What are the only most vital metrics which dictate the velocity of attending to profitability? Why is the quantity of orders a driver can ship per hour a very powerful metric?
4.) Enterprise Enlargement Alternatives:
- How does Raf analyze the chance for GoPuff in Europe?
- Why does Raf imagine they need to have pulled out of Spain a lot sooner? Why are they so centered on the UK now?
- Why does Raf imagine it’s the proper choice to cease investing in GoPuff pharmacy?
- Why is Raf so bullish on GoPuff kitchens? How does the unit economics of the kitchens evaluate to the core enterprise for GoPuff? What are the optimistic results of kitchens on GoPuff core product?
- What was the latest disagreement the board has had in the case of figuring out what to prioritize vs what to not?
Talked about in Immediately’s GoPuff Episode:
Raf’s Mentor and Advisor: Emil Michael, Former Chief Enterprise Officer @ Uber
