Mike Xu
Founder and CEO of GrubMarket
Mike Xu founded GrubMarket in 2014 and runs it as CEO. The San Francisco company builds software and e-commerce tools for the American food supply chain and went through Y Combinator's Winter 2015 batch. Before GrubMarket he spent ten years in software engineering at Oracle, eBay, Yodlee, Rocket Lawyer and Brightidea, where he was vice president of engineering.
- Food supply chain
GrubMarket
Y Combinator
- B2B e-commerce
- Software engineering
- Now
- Founder and CEO, GrubMarket3
- Y Combinator
- Winter 2015 batch (GrubMarket)1
- Education
- M.S. Computer Sciences, University of Wisconsin-Madison3
- Based in
- San Francisco, California3
In their words
I am the Founder, CEO, President of GrubMarket Inc. GrubMarket is now America's largest and fastest-growing food supply chain eCommerce company, and is heading to disrupt and digitally transform the American food supply chain industry that has been left behind from technology waves for many generations. Previously as Vice President of Engineering at Brightidea, a global leader in cloud-based Innovation Management software, I worked with engineers, product, designers to drive the product development of the company.
3
Experience
- Founder and CEO2014 – now
Started the company in mid-2014 from a garage. GrubMarket builds B2B e-commerce and AI software for food wholesalers and distributors and has grown through acquisitions.3
- Member32023 – now
- Member32023 – now
- Vice President of Engineering2013 – 2014
Sat on the executive team reporting to the CEO and led the push to build the company's mobile apps for its innovation management software.3
- Head / Director of Engineering2012 – 2013
Ran a software development organization of 25 to 30 engineers across mobile, web, API and platform teams, and shipped the company's first mobile app.3
- Senior Manager, Software Development2011 – 2012
Built Yodlee's US engineering team from scratch and managed an offshore team in Central America, with work on big data, Node.js and mobile apps.3
- Software Development Manager2009 – 2011
Led a core team of 8+ developers on contract and rebate management software.3
- Senior Software Engineer32008 – 2009
- Senior Member of Technical Staff2004 – 2008
Named inventor on two US patents for database diagnostic testing, both assigned to Oracle.11
- Software Engineer Intern32004
Education
Recognition
Award · Goldman Sachs, Builders and Innovators Summit8
Award · Apple Computer3
Patent · US 7,681,07911
Patent · US 7,836,43112
Milestones
- First US patent granted, for diagnostic test sets, assigned to Oracle11
- Founded GrubMarket1
- GrubMarket went through Y Combinator's Winter 2015 batch2
- GrubMarket raised $28 million at a $228 million valuation4
- GrubMarket raised a $60 million Series D4
- GrubMarket raised a $120 million Series E at a pre-money valuation above $1 billion, after about 40 acquisitions in three years5
- GrubMarket settled SEC charges that investor materials for its Series D overstated past revenue by about $550 million, paying an $8 million penalty without admitting or denying the findings7
- GrubMarket raised a $50 million Series G at a valuation above $3.5 billion, with revenue of $2 billion in 20246
- GrubMarket confidentially submitted a draft Form S-1 to the SEC for a proposed IPO9