🥑#BustedTech: Munchery Filed for Bankruptcy.🥑
Short VC-Backed Hyper-Growth
What kills a business is a lack of cash. What causes a business like meal delivery (kit or prepared) to run out of cash are broken unit economics. Munchery's Chapter 11 reveals they still don't understand the impact of customer churn (inverse of retention) https://t.co/HFi8MIQhAk
— Tren Griffin (@trengriffin) March 6, 2019
We'v…
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