Jul 23, 2018
Doughbies’ cookie crumbles in a cautionary tale of venture scale
Doughbies’ cookie crumbles in a cautionary tale of venture scale
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…
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