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| VIEW EVENT INFORMATION: Starbucks |
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The Food Revolution May Have Just Needed A Cup Of Blue Bottle |
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About the organization Starbucks:
Type: Business
Sub-Types: Shop, Coffee Shop, Chain, Coffeehouse Chain, Website, Application Software, Telecommunication, Telecommunication Software |
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Notable Organizations: Starbucks, Techcrunch
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| Each massive exit in the tech ecosystem usually follows the same cycle: an upstart becomes a huge business, it goes public or sells for a huge sum of money, many of the best people that built it take off and then they use their newfound wealth to start companies.
But in addition to tech, the venture community has its own pet project: coffee. With investors pouring money into companies like Blue Bottle Coffee, La Colombe and Philz, you’d probably think it’s still a pet project. Then, earlier this year, Nestlé acquired a majority stake in Blue Bottle at a valuation north of $700 million. And with that kind of an exit for a coffee startup, we’ll now test the ecosystem to see if we’ll see whether a diaspora of a class of coffee graduates will jump into the startup ecosystem themselves. |
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