Hubris? 24-Year-Old Entrepreneur Seeks To Reinvent $13 Trillion Grocery Industry - #1096

Never miss another interview! Join Devin here: http://bit.ly/joindevin. Read the full Forbes article and watch the interview here: http://bit.ly/2X4mVfG. When anyone seeks to reinvent the grocery business in light of both the wreckage left by WebVan and the presence of Amazon with Whole Foods in the market, it is hard to conceive success for a well-capitalized upstart. When the entrepreneur is a 24-year-old college dropout, the temptation to dismiss him grows. Chai Mishra is launching a consumer-owned cooperative to provide online groceries with confidence bordering on hubris, but backers including Y Combinator and the San Francisco 49ers are betting on his new platform, simply called Move. Mishra sees two primary problems with the current food distribution business. First is unequal access to food. Second is the exploitation of food producers, especially smallholder farmers both in the U.S. and around the world. He argues that the existing supply chain for food makes it unnecessarily expensive to consumers and rewards producers inadequately. He notes that coffee growers are paid as little as 7 cents per pound for raw coffee beans and consumers pay $15 per pound in stores. Read the full Forbes article and watch the interview here: http://bit.ly/2X4mVfG. Click the following link to learn my insider secrets to media publicity for social impact: http://bit.ly/75offmedia.