- Become a classic investor, building a large portfolio of angel- or VC investments. That is very exciting, and you get to help all kinds of entrepreneurs, but my issue is that I don't think I'm ready for such a passive role. Any investor would say that they "add value hands-on", etc., but the truth is that with a portfolio of 15-20 investments and spending most of the time chasing new deals, then they are not really close to the action (and typically doesn't have any real, hands-on experience related to your challenges, but that's another story). And I don't like being distanced to what I'm doing, and the people involved.
- Become a CEO for a big company. Well, first of all, there are not really that many companies based in Copenhagen where it makes sense for me to get involved full time as CEO, and I'm not interested in moving my family to another country for a long period of time. Secondly, the reason why I enjoyed running JUST EAT even though it was a 1,000-man company was that I had been there from when it was a small 35-man Danish company, so I had directly or indirectly hired almost every single manager in the company, and I had skewed the company culture exactly in the direction that I felt was right for the company - and me! Chances are, that if I got on board another company that was already big, then I wouldn't be a great fit for the culture and all kinds of "culture wars" would have to take place (had enough of that in the initial phase, when I joined JUST EAT five years ago). Thirdly, working for one company only would not leverage all the knowledge I have today about leading, developing, internationalizing and scaling companies. That is a skill set that is still a scarce resource in Europe, so I might as well leverage it across several companies.
Again-again: thanks for all to those who helped make it possible. And now on to new adventures that needs a hot-dog equipped viking super hero - the Universe and Beyond!
curry after he finishes with silly toys. Mother Christmas kills, skins
and then cooks the old knackered animals every year anyway. They need
to sweat their assets and expand into new markets - JUST EAT is
ideally placed to help.
Mat will return Jan 7th 2013 with the launch of Eat-Elf.com to follow
soon after... Mat, have a nice, long holiday, you have deserved it!
A big thanks to our dear CMO, Mr Braddy, Richard and the almost 100 marketeers that are working day and night to push JUST EAT in the right direction. Yehaaa!
- Most of the managers in JUST EAT have now been through our Management Assessment Centre (“MAC”). This means that as a supplement to their line manager’s view on their performance and development needs, then we have a structured, 360 degree view on the person from many of the traditional management/leader dimensions, e.g. communication skills, presentation skills, collaboration skills, analytical skills, etc. The MAC is definitely not the final truth, and the line managers qualitative view is still key, but it all adds up to a better understanding of what the manager need to do to develop her- or himself. It is challenging to be a manager in a fast growing company, so if JUST EAT can support with a few tools then great.
- Together with an external agency, we have developed a really good sales module called “Sweet & Sour”. A lot of sales reps and managers have already been through this program, and it is getting very good reviews. The important thing now of course, is to make sure the learning’s are actually been put into use when the participants come back home, so that is a key focus area for the sales managers.
- We have a lot of people in JUST EAT, who have their first management job, or which have the biggest management challenge they have ever had, so a course in basic management skills can come in handy. We have therefore put together a course ("JUST about people"), where the participants goes through a catalogue of the fundamental management tools, and we have run this course for the first time some weeks ago.
JUST EAT launched in Spain December 2010. It was a bit of a bet, because everybody said Southern Europe is not a place for delivery food, but that scepticism was proved wrong very quickly. Spain is not one of the biggest markets in the World, and there are "a few macro economic issues" on the Iberian Peninsula, but we have been so fortunate to build an absolute kick-ass team lead by Jerome Gavin, and the growth has been better than anything we ever imagined. Thanks guys for the hard work over the last nearly two years.
There was also another team that launched just before JUST EAT, it was team Sindelantal. The company is co-founded by Evaristo Babe and Diego Ballesteros, and they also managed to involve the experienced angel investor Michael Kleindl. In the last two years JUST EAT and Sindelantal has competed full throttle and in the process pushed the market to migrate online ever faster. JUST EAT has grown a bit faster, but both companies has done very well - and today we are very happy to announce that JUST EAT.es and Sindelantal has joined forces!
At JUST EAT we believe in investing heavily in 1) building the best possible, national restaurant network and 2) communicating the advantages of online ordering to customers. Our acquisition of Sindelantal makes it possible to roll-out the online takeaway concept even faster in Spain. That is good news for restaurants and consumers, and in the long run it will also be a good story for JUST EAT.
Congratulations to Evaristo & Diego - well done in founding and building a company with real substance. And we look forward to follow you as you scale up your business in Mexico.
And congratulations to Spain, JUST EAT loves you more than ever!