I was employee #2 at Shipt and the early CTO. Was really great seeing us go from absolutely nothing to a strong platform, great team and lots of customers.

In telling our story early on I would talk about how Lyft was #2 in the ride-hailing space and was a billion dollar company. If we could be #2 in the grocery delivery space we should command a comparable valuation to Instacart (meaning we'd be worth a fraction of their valuation, but it would still be great by any standard).

And we did exactly this [1]. With much less cash (60M vs 800M+) and in a very short period of time (we literally hadn't started building this three years ago from today).

I haven't been involved in the past couple years, but am still friends with the founder and several on the team; and had a bit of equity (whohoo! :-).

Really happy for everyone involved and for Birmingham and Alabama!

[1] Here are my ratios based on recent valuations:

Lyft/Uber, 11B/70B = .16

Shipt/Instacart, 550M/3.4B = .16

Astonishingly accurate! :-)