[yabbadabbadoo]

Mike Moritz doesn't get out of bed for less than a billion dollars - http://techcrunch.com/2010/09/28/mike-moritzs-midas-touch-gr...

Looks like Instacart is on the right path to a massive IPO :)

Good work guys!

[tixocloud]

An IPO is just a means of transferring ownership. It doesn't say much about the viability of the business model other than that people might believe in it.

[rdouble]

Mike Moritz has invested in as many duds as successes.

[visakanv]

A 1:1 dud-to-success ratio is to die for!

[rdouble]

That's not really what I meant, but I guess that's what I said. Sadly, Sequoia funding is no guarantee of success as I know from personal experience.