From Frat House to $100 Million: The Untold Journey of Caviar

🚀Caviar was founded by a group of UC-Berkeley students who turned a simple idea into a multimillion-dollar business.

💰The founders secured funding from notable investors, including the Winklevoss twins, and grew Caviar into a highly successful food delivery platform.

🌟Caviar's success was driven by partnering with popular restaurants and providing a seamless delivery experience for customers.

🧠The founders' determination, passion, and ability to overcome obstacles were key factors in Caviar's growth and eventual acquisition.

💼After selling Caviar to Square, the founders continue to invest in new ventures and support startups in their entrepreneurial journeys.

How did the founders come up with the idea for Caviar?

—The founders, while craving a specific restaurant's sandwich, realized there was a need for a food delivery service and came up with the idea for Caviar.

What challenges did Caviar face in its early days?

—Caviar faced challenges like securing funding, getting restaurants onboard, and competing in a crowded food delivery market.

Who were some of Caviar's notable investors?

—Notable investors in Caviar included Paul Buchheit, the founder of Gmail, and the Winklevoss twins.

What was the key to Caviar's success?

—Caviar's success can be attributed to its partnerships with popular restaurants, providing a great customer experience, and attracting significant funding.

What happened to Caviar after it was acquired by Square?

—After the acquisition, Caviar continued to thrive and eventually got acquired by DoorDash for $410 million.

00:00In 2012, a group of UC-Berkeley students founded Caviar, a food delivery app.

03:24The founders came up with the idea for Caviar while craving a specific sandwich that was not easily accessible.

07:58Caviar secured funding from investors like Paul Buchheit and the Winklevoss twins, and successfully expanded its operations.

09:33Square acquired Caviar in an all-stock deal worth over $100 million, providing the founders with a successful exit.

08:42DoorDash later acquired Caviar from Square for $410 million.