The company completed a successful IPO in April 2014 under the leadership of CEO Matt Maloney. It was a complicated transaction with a disparate group of shareholder and management interests to navigate, but the end result has been well worth the effort. The merger between Seamless and Grubhub in 2013 was a major milestone on this journey. All of this required building out a world-class management team around Jonathan Zabusky, Seamless’ CEO. We believed that the business could grow even faster with disciplined, data-driven marketing as well as increased investment in the product. Our experience with online marketplace businesses gave us conviction in the uniqueness of the Seamless business. The transition into becoming a stand-alone entity was challenging and took six months to negotiate, but it was critical to position Seamless for future growth in this dynamic market. Spectrum Equity’s involvement began when we spun the Seamless business out of Aramark, a multinational business services company with over 300,000 employees.
Earlier this week, I stepped down from the board at Grubhub, after nearly 6 years with the company.
0 kommentar(er)
