Business & Economics
Mike Evans on Building GrubHub From $140 to $7B
Mike Evans is the founder of GrubHub. Hungry and tired one night, Mike wanted a pizza, but getting a pizza was a pain in the neck. He didn’t want to call a…
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It's important that every person you work with, all your colleagues, all your co-workers, leave a company with more skills and economic mobility than when they arrived. Further, it's important the time they spent with you wasn't miserable, that it was great, good, enjoyable.
— Mike EvansNFL Wide Receiver for Tampa Bay Buccaneers & Super Bowl Champion
The best analogy I can give for an IPO is that it's like a wedding. There's a whole lot of attention directed toward the wedding, and less toward the 20 years of marriage after the wedding. IPO has the word initial in it, it's the starting line for being a public company.
— Mike EvansNFL Wide Receiver for Tampa Bay Buccaneers & Super Bowl Champion
Every business makes money as a secondary purpose. It's the coincidental result of creating customer value and changing the world in some way that people are willing to pay for and find valuable. That is the primary activity of a business – and you happen to get paid for it.
— Mike EvansNFL Wide Receiver for Tampa Bay Buccaneers & Super Bowl Champion
The only real competitive advantage that's durable is cost and innovation – as long as innovation happens along the trajectory that takes into account stakeholders, not just shareholders. Your customers, employees, shareholders, and communities in which you operate are all stakeholders. If you innovate, you need to think about all these groups – and then, guess what, the shareholders will benefit.
— Mike EvansNFL Wide Receiver for Tampa Bay Buccaneers & Super Bowl Champion
I saw something in the world that was done poorly and thought it could be done better. The difference between a miserable, crank grump and an entrepreneur? Both are unhappy- but the entrepreneur says they can make it better… that they can fix it… and they follow the spark.
— Mike EvansNFL Wide Receiver for Tampa Bay Buccaneers & Super Bowl Champion
On a personal level, the best defense against materialism and greed is to give money away. You need to be charitable, engage in philanthropy.
— Mike EvansNFL Wide Receiver for Tampa Bay Buccaneers & Super Bowl Champion
Every business makes money as a secondary purpose. It's the coincidental result of creating customer value and changing the world in some way that people are willing to pay for and find valuable.
— Mike EvansNFL Wide Receiver for Tampa Bay Buccaneers & Super Bowl Champion
When your business becomes a unicorn and heads for the stratosphere, there's a temptation to slide into the primary activity of the business being turning capital, and so customer focus can get lost. Once you stop putting customer first, the competition will destroy you.
— Mike EvansNFL Wide Receiver for Tampa Bay Buccaneers & Super Bowl Champion
The only real competitive advantage that's durable is cost and innovation – as long as innovation happens along the trajectory that takes into account stakeholders, not just shareholders.
— Mike EvansNFL Wide Receiver for Tampa Bay Buccaneers & Super Bowl Champion
The difference between a miserable, crank grump and an entrepreneur? Both are unhappy- but the entrepreneur says they can make it better… that they can fix it… and they follow the spark.
— Mike EvansNFL Wide Receiver for Tampa Bay Buccaneers & Super Bowl Champion
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