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Ben and David are once again live on the scene, this time covering the biggest disruption in grocery since\\u2026 well, sliced bread: Amazon\\u2019s $13.7B purchase of Whole Foods Market. We place this deal in context by diving deep into the long, intertwining history of grocery, tech and Amazon, from the infamous dotcom flameout Webvan (domain name now owned by Amazon) to its much more successful progeny Kiva Systems (acquired by Amazon in 2012) to current Silicon Valley unicorn Instacart (founded by former Amazon logistics engineer Apoorva Mehta). One thing is clear: for Amazon and Jeff Bezos, realizing the longterm vision of the Everything Store truly means building the everything store.

Sponsors:
Vanta: https://bit.ly/acquiredvanta
Crusoe: https://bit.ly/acquiredcrusoe
Modern Treasury: https://bit.ly/acquiredmoderntreasury

Topics covered include:

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• The \\xa0origins of Whole Foods Market as \\u201cSaferway\\u201d in the late 70\\u2019s Austin, TX hippie scene, founded by CEO John Mackey (\\u201cthe Steve Jobs of grocery stores\\u201d) and his then-girlfriend Renee Lawson Hardy
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• Whole Foods\\u2019 expansion through acquisition throughout the 80\\u2019s and 90\\u2019s
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• The company\\u2019s recent struggles with competition, leading to sales declines and \\xa0attracting activist shareholder interest from Jana Partners\\xa0
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• \\n\\xa0Amazon\\u2019s acquisition of the company on June 16, 2017 for $13.7 billion, a 27 percent premium to the stock\'s previous day closing price
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• In depth history and analysis of the four keys to understanding this deal: Webvan, Kiva Systems, AmazonFresh and \\xa0Instacart\\n
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Followups:

• \\xa0Walmart/Jet buys Bonobos for $310M

The Carve Out:

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• Ben: Mark Zuckerberg\\u2019s 2005 CS50 guest lecture\\n
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• David: Exponent on Podcasting and Centralization\\n
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