Doughbies’ cookie crumbles in a cautionary tale of venture scale
TechCrunch Startup News · TechCrunch
July 24, 20187m 3s
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Show Notes
Doughbies should have been a bakery, not a venture-backed startup. Founded in the frothy days of 2013 and funded with $670,000 by investors including 500 Startups, Doughbies built a same-day cookie delivery service. But it was never destined to be capable of delivering the returns required by the VC model that depends on massive successes to cover the majority of bets that fail. The startup became the butt of jokes about how anything could get funding.
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