Browse Case Studies

Vroom is an online used car retailer founded by Alon Block in August 2013 that sells cars directly to consumers, buys cars from consumers, and facilitates financing entirely online. By January 2016, just 2.5 years after launch, the combined business (which acquired Texas Direct Auto in late 2015) generated $900 million in revenue with approximately 500 employees, growing from essentially zero through operational excellence, software-driven reconditioning processes, and a focus on high-volume, efficient business model similar to Amazon and Costco.

Phenom is a community platform for young athletes (13-18) to share their athletic gear and game stories, launched in September 2014 by college athlete Brian Vernon and co-founder Mike. With 60,000 registered users and 25,000 monthly actives, they've built a B2B2C model where brands like Wilson Sporting Goods pay for grassroots athlete product feedback and consumer behavior insights. The team raised $700k and operates lean with a 4-person core team in San Francisco through 500 Startups Batch 16.

Liquor.com is a media and partnership platform founded in 1991 that connects major liquor brands with the world's largest database of bartenders and liquor enthusiasts. The company generates approximately $7.5M in annual revenue through brand sponsorships, partnerships, and offline events, leveraging 36 million monthly uniques and 1.8 million email subscribers primarily sourced through native advertising on Zergnet.

Shift is an online used car marketplace founded in 2014 that allows customers to buy and sell cars with home delivery and test drive services. In 2019, they sold 11,500 cars at an average price of $15,000-$17,000 (~$200M in GMV), generating approximately $45M in total revenue (2/3 from car margins, 1/3 from financing and warranties). The company has raised $225M in equity and $75M in debt, targeting IPO when reaching 15,000+ annual car sales volume.

Rocket is a full-stack recruiting marketplace founded in late 2016 by Abhinav Agrawal that combines human recruiters with technology to help companies hire talent faster. The company charges a combination of subscription and performance-based fees (typically 20-30% of first-year salary), with customers averaging $80-100K annually and placing 100-1000+ employees per year. Growing from $600K in 2017 to $3M in 2018 to on-track $6M+ in 2019, Rocket has 100 customers, 30 team members, is cash flow positive, and is seeking a $7-10M Series A to expand to 5-10 new offices.