i am a munchery customer.e you going to use this money for >> it's not just to party. >> no, it is for real work. we have an additional market. beyond the san francisco bay area. it is great to have them as our partners. [laughter] >> scott, you say this is the most exciting thing you have seen since uber. trends like we are seeing with munchery, you do not see them very often. we both invested in uber separately. we saw something special. we saw something special in the metrics and in the founder. we are seeing the exact same thing. the metrics are unbelievable in terms of repeat usage. it is mind-boggling. when you layer on top of that the founders and their story and unique background, it is incredible. >> the food comes on demand. i have never had a problem with it. you brought some salads and kid sized food. >> how it works is that our chefs produce the food and execute the menu. we have it that day. you can order that day or in advance. you can get it delivered that night. >> the food is reasonably price

munchery specializes in daily organic food cooked by in-house chefs. raising an additional $20 million in funding. scott is with us now in studio. he is a former managing director of goldman sachs, where he led early investments and facebook and foursquare. thank you for coming. i'm a customer. i'm a believer. you have brought me food. that makes me even happier. what are you going to use this money for? >> it's not just a party. expandthe capital to beyond the san francisco bay area. it is great to have scott as our partner. >> i will have some popcorn while we discussed. is the most exciting thing you have seen since uber? >> trends like we are seeing chery you don't see very often. , we sawinvested in uber something very special. we saw something special in the metric and something special and the founder. we have seen the exact same thing here. the metrics are unbelievable in terms of repeat usage, number of meals served and the core economics. kind of mind boggling. when you lay on top of that the founders with their unique backgrounds, it's an in

trends like we are seeing with munchery, you do not see them very often.nvested in uber separately. we saw something special. we saw something special in the metrics and in the founder. we are seeing the exact same thing. the metrics are unbelievable in terms of repeat usage. it is mind-boggling. thatyou layer on top of the founders and their story and unique accra, it is incredible -- background, it is incredible. >> the food comes on demand. i have never had a problem with it. you brought some salads and kid sized food. >> how it works is that our chefs produce the food and executing menu. we have it that day. you can order that day or in advance. you can get it delivered that night. >> the food is reasonably priced. what are the margins? >> the margins are healthy. it used to be very active when we started. but with the volume we now enjoy, we were able to bring the prices down. at the end of the day, my co-author and i are normal dad. -- dads. we do not want to do the exclusive to someone who is well-off. we want to make it -- democratize it. we want t