Exclusive: Why the Two Biggest Winners in Instacart’s IPO Clashed
By far, the two biggest winners of Instacarts long-awaited initial public offering next week will be the grocery companys largest individual shareholder, co-founder and former CEO Apoorva Mehta, and its largest venture backer, Sequoia Capital. Mehtas profit from the listing stands to be more than $780 million, while Sequoia could make more than $1 billion. More than two years ago,the relationship between Mehta and Sequoias former boss Michael Moritz soured. Their disputes, which also embroiled other investors and elicited dramatic internal debate about the companys leadership, helped delay the realization of those richesand potentially undercut them.
Sent on 13 September 2023 09:33 PM
By far, the two biggest winners of Instacarts long-awaited initial public offering next week will be the grocery companys largest individual shareholder, co-founder and former CEO Apoorva Mehta, and its largest venture backer, Sequoia Capital. Mehtas profit from the listing stands to be more than $780 million, while Sequoia could make more than $1 billion. More than two years ago,the relationship between Mehta and Sequoias former boss Michael Moritz soured. Their disputes, which also embroiled other investors and elicited dramatic internal debate about the companys leadership, helped delay the realization of those richesand potentially undercut them.
|
|
|
|
|
Why the Two Biggest Winners in Instacarts IPO Clashed
|
|
By Cory Weinberg
|
|
By far, the two biggest winners of Instacarts long-awaited initial public offering next week will be the grocery companys largest individual shareholder, co-founder and former CEO Apoorva Mehta, and its largest venture backer, Sequoia Capital. Mehtas profit from the listing stands to be more than $780 million, while Sequoia could make more than $1 billion.
More than two years ago,the relationship between Mehta and Sequoias former boss Michael Moritz soured. Their disputes, which also embroiled other investors and elicited dramatic internal debate about the companys leadership, helped delay the realization of those richesand potentially undercut them.
|
|
|
|
|
|
|
|
The Information Subscriber Council
|
|
|
|
|
|
|
Sent to | Unsubscribe|Help
|
|
|
|
1 Post Street, Suite 1050, San
Francisco,CA94104
|
|
|
|
|
Text Summary Of This Email
By far, the two biggest winners of Instacarts long-awaited initial public offering next week will be the grocery companys largest individual shareholder, co-founder and former CEO Apoorva Mehta, and its largest venture backer, Sequoia Capital. Mehtas profit from the listing stands to be more than $780 million, while Sequoia could make more than $1 billion. More than two years ago,the relationship between Mehta and Sequoias former boss Michael Moritz soured. Their disputes, which also embroiled other investors and elicited dramatic internal debate about the companys leadership, helped delay the realization of those richesand potentially undercut them.
EXCLUSIVE
FINANCE
STARTUPS
VENTURE CAPITAL
Why the Two Biggest Winners in Instacarts IPO Clashed
By Cory Weinberg
By far, the two biggest winners of Instacarts long-awaited initial public offering next week will be the grocery companys largest individual shareholder, co-founder and former CEO Apoorva Mehta, and its largest venture backer, Sequoia Capital. Mehtas profit from the listing stands to be more than $780 million, while Sequoia could make more than $1 billion.
More than two years ago,the relationship between Mehta and Sequoias former boss Michael Moritz soured. Their disputes, which also embroiled other investors and elicited dramatic internal debate about the companys leadership, helped delay the realization of those richesand potentially undercut them.
READ THE FULL STORY
Popular Articles
Exclusive
E-COMMERCE
Dave Clarks Last Days at Flexport
Nick Wingfield
AMAZON
Why Dave Clark and Ryan Petersen Butted Heads at Flexport
Theo Wayt, Ann Gehan, Paris Martineau and Nick Wingfield
Deals
Venture Firms Hang the For Sale Sign on Portfolios
Maria Heeter, Natasha Mascarenhas and Kate Clark
CLOUD
Nvidia Muscles Into Cloud Services, Rankling AWS
Anissa Gardizy and Aaron Holmes
The Information Subscriber Council
Vauban from Carta: SPVs & funds for VC and angel investors
TapOnIt: The next generation of SMS
Egon Zehnder: Leadership for a Better World
Thoughtworks: Extraordinary impact through technology excellence
Felicis: Luck isn't made; it's engineered.
Learn More
Sent to | Unsubscribe|Help
1 Post Street, Suite 1050, San
Francisco,CA94104
