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Pic of DealMakers: Entrepreneur | Startups | Venture Capital

Yakir Gola On Raising $1.4 Billion For A Startup He Launched At Just 20 Years Old

December 8, 2020
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DealMakers: Entrepreneur | Startups | Venture Capital

Description

Yakir Gola is the cofounder and CEO of goPuff which delivers everyday essentials, from cleaning supplies, home needs, and OTC medications to food and drinks in just minutes. The company has raised over $1.4 billion from top tier Accel, e.ventures, Softbank, D1 Capital Partners, 3L Capital, Anthos Capital, and Luxor Capital Group.

In this episode you will learn:

Tracking customer unhappiness
Picking your investors
The benefits of a vertically integrated business
Yakir’s top advice for other entrepreneurs




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For a winning deck, take a look at the pitch deck template created by Silicon Valley legend, Peter Thiel (see it here) that I recently covered. Thiel was the first angel investor in Facebook with a $500K check that turned into more than $1 billion in cash.

Moreover, I also provided a commentary on a pitch deck from an Uber competitor that has raised over $400 million (see it here).

Remember to unlock for free the pitch deck template that is being used by founders around the world to raise millions below.


About Yakir Gola:


Yakir Gola is a Co-Founder and Co-CEO of goPuff. A second-generation immigrant, Yakir Gola grew up in Cherry Hill, NJ. While pursuing a degree in Business Administration, Finance and Legal Studies at Drexel University in Philadelphia, Yakir Gola met co-founder Rafael Ilishayev. The two went on to draft the original concept for goPuff in their dorm room.

From there goPuff grew into a leading technology platform and instant needs category creator delivering everyday essentials, from cleaning supplies, home needs and OTC medications to food and drinks in just minutes from local facilities. goPuff now operates in 500+ cities, employs over 4,000 people and is on track to disrupt the antiquated $230B+ convenience store industry.

Yakir Gola dedicates a lot of time to philanthropic endeavors. Yakir Gola is closely involved with Politz Day School of Cherry Hill, NJ and Drexel University, through the Charles D. Close School of Entrepreneurship and Chabad Serving Drexel University. In February 2020, goPuff established a $25,000 scholarship for one student in financial need attending the Charles D. Close School of Entrepreneurship.

goPuff supports underrepresented founders in Philadelphia in partnership with Philly Startup Leaders through financial contributions and mentorship. Yakir’s community involvement also includes personal donations to Color of Change and the Bail Project. Together with Rafael Ilishayev, Yakir Gola is setting up a $500,000 fund to support Black- and minority-founded startups.

In light of the COVID-19-induced crisis, goPuff committed $1 million in orders to front-line health care professionals thr...