🚀 The $7 billion delivery business

Hi, Guy & Farzan here,

This week we have a $7 billion delivery company, a Vietnamese AI company, a $4 million sneaker company, plus lots more.

Read time: 7 mins

In the mail:

1. Founder story: Daniel’s unconventional path to success ⚡️

2. Founder playbook: The $7B delivery business 🚀

3. Video playbook: The $100M couple before age 30 💪

4. Video playbook: From $50 to $4.2M selling sneakers 🔥

5. Video short: The first rule of entrepreneurship ❤️

6. A quote: A Naval quote 🙏

1. Founder story

⚡️ Meet Daniel Nguyen: The unconventional path to success

"We have two lives, and the second begins when we realise we only have one." - Confucius. This powerful quote guides Daniel, an entrepreneur who traded university life for the thrill of online business.

🎢 The Journey
His first venture didn't quite take off, but it set the stage for greater things. Driven by his passion for creating, Daniel developed his brainchild BoltAI, a tool that integrates ChatGPT into macOS applications, saving users hours of toggling between apps ⏳⚡.

🚀 Customer Attraction
A simple Twitter demo video catapulted BoltAI into the spotlight. The early customer base bloomed into 500 paid subscribers and an annual revenue of $12,000. Regular interaction with beta testers helped fine-tune the product.

💡 Key Lesson
Before leaping into full-time entrepreneurship, ensure your side hustle can cover basic living costs. For Daniel, balancing freelance work with product development proved this point.

👇 Discover more about Daniel's entrepreneurial journey on Founderoo.

2. Founder playbook

🚀 The rise of Deliveroo: A $7 Billion tale of perseverance and adaptation.

🚀 The Humble Beginnings
Starting as a one-man operation in 2013, Deliveroo, envisioned by the American investment banker Will Shu, burst onto London's streets, aiming to revolutionize the food delivery culture in the UK. Not long after, the startup attracted major investments, propelling it to expand operations across 200 cities worldwide.

Trials, Tribulations, and Triumphs
Deliveroo's voyage wasn't without storms. Regulatory scrutiny over Amazon's funding, an abrupt exit from the German market, and criticism over labour practices marked its turbulent journey. However, the firm's resilience shone through each challenge, ensuring its survival and growth.

The Pandemic Pivot
The advent of the COVID-19 pandemic presented an unexpected twist, forcing Deliveroo to adapt swiftly. When restaurants closed their doors, Deliveroo seized the opportunity to shift its focus to grocery delivery, proving a lifeline for the quarantined populace and ensuring its business thrived.

IPO: The Ultimate Test
2021 brought another hurdle: a shaky initial public offering. Despite initial setbacks, Deliveroo managed to secure substantial funding, marking a significant step in its journey.

Deliveroo Today: A Global Powerhouse
Today, Deliveroo operates in 12 global markets, coordinating over 100,000 riders and partnering with 115,000 restaurants. Its tale, fraught with challenges and crowned by victory, illustrates the company's robust adaptability and resilience, inviting readers to delve deeper into its captivating evolution.

3. Video playbook

💪 From meeting on Bumble to $100 Million success: The Hormozis' big business success before the age of 30.

After meeting on Bumble, Alex and Leila Hormozi started a successful business together, which is now worth $100 million. They proved their skill by growing from nothing to making $1.7 million per month, and they did this four times in a row. So, it's clear they're not just lucky!

Join Codie Sanchez as she travels to Vegas to chat with them and find out how they did it, so you can try and do the same.

4. Video playbook

🔥 From $50 to $4.2M / year sneaker reselling business

Discover how Sneak City, starting in a garage and now making over $400,000 monthly. They transformed sneaker reselling into a crazy lucrative business. Learn about Sneak City's journey, its approach to overcoming industry challenges like high inventory costs, achieving a remarkable 30% profit margin on each sale, and the key skills that have propelled their rapid growth.

Discover their unique strategies for customer engagement through social media, the role of strategic physical store locations, and the importance of a storefront for a reselling business.

5. Video short

❤️ The first rule of entrepreneurship

6. A Naval quote 🙏

That’s all for this week. How was the newsletter?

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Until next Sunday
Guy + Farzan 👋 
Founderoo