Founded in Dec 2011, by Matt Meeker, Carly Strife, Henrik Werdelin in New York.
"Pets are family". Been tracking 13 stocks but only own $CHWY. I will add BarkBox, $STIC when it lists. The company has a valuation of $1.6B with $350M in revenue, profitable
Others: #PetsAreFamily
$CHD
$CHWY
$ELAN
$FRPT
$HSKA
$IDXX
$PAWZ
$PETQ
$PETS
$SPB
$TRUP
$TSCO
$ZTS
Founded in Dec 2011, by Matt Meeker, Carly Strife, Henrik Werdelin in New York.
You can reorder certain items or purchase items from other collections online.
There is a money-back guarantee
Revenue growth:
2016: $100M
2017: $150M, 350K subscribers
2019: $250M + profit, 500K subs
2020: $350M + 1M subs
Convertible debt: Jan 9th, 2012, $25K
Seed: Jul 9th, 2012, $1.7M valuation $6M
Series A: April 9 2013, $5M – valuation $20M
Series B: July 11th, 2014, $15M, valuation $80M
Series C: May 17, 2016, $60M – valuation $200M
RRE Ventures
Resolute Ventures
Slow Ventures
Vast Ventures
Columbia Partners
Daher Capital
BDMI
Founded in Dec 2011, by Matt Meeker (founder of Meetup) , Carly Strife, Henrik Werdelin in New York.
Bullymake,
RescueBox for dogs, and
Chewy Goodybox.
Cat Lady Box and KitNipBox for Cats.
Fresh food delivery services like The Farmer's Dog, Nom Nom, PetPlate, Ollie, and Spot & Tango.
1. Small revenue, slower growth compared to big eCommerce players such as $SHOP and $ETSY
2. Toys and treats for dogs is a small market compared to health & food
3. There are 100's of subscription box competitors - what if the pet gets "bored" - but 95% retention
I am going to take a small lot (< 1% of portfolio) but this wont be my top pick for 2021
MySubscriptionAddiction has 112 rating 3.7/5
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Convertible debt: Jan 9th, 2012, $25K
Seed: Jul 9th, 2012, $1.7M valuation $6M
Series A: April 9 2013, $5M – valuation $20M
Series B: July 11th, 2014, $15M, valuation $80M
Series C: May 17, 2016, $60M – valuation $200M