20VC: The Insane Story of Glovo: Selling 30% of the Company for €100K | The McDonalds Deal That Saved Them | Running out of Money Three Times | Burning $1M Per Day | Being Acquired for $2.2BN with Oscar Pierre, Founder @ Glovo | The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch | Podwise
20VC: The Insane Story of Glovo: Selling 30% of the Company for €100K | The McDonalds Deal That Saved Them | Running out of Money Three Times | Burning $1M Per Day | Being Acquired for $2.2BN with Oscar Pierre, Founder @ Glovo
This podcast episode features an interview with Oscar Pierre, founder and CEO of Glovo, a food delivery company acquired by Delivery Hero for $2.2 billion. The interview details Glovo's challenging fundraising journey, including near-bankruptcy situations and the crucial role of securing a deal with McDonald's. Pierre discusses marketplace dynamics, the importance of scale and speed in market expansion, and the challenges of maintaining a strong company culture during rapid growth. He also shares insights on managing layoffs, making acquisitions, and navigating regulatory hurdles in various international markets. A key takeaway is the importance of relentless execution and a strong work ethic, even when facing significant obstacles.
