After making the Inc. 500 in 2010 and 2011, GrubHub hit $137 million in revenue in 2013. Users can call the restaurants to place a delivery order or use Grubhub's online ordering system. Maloney's departure leaves Just Eat . Public records do not yet identify the buyer. Maloney co-founded food delivery app GrubHub in Chicago in 2004. Matthew M Maloney who sold, In the last 5 years, insiders at Grubhub Inc have sold an estimated value of, Mailing address is 200 East Randolph Street Suite 2435 Chicago IL 60601 IL. Home - Company - Grubhub Net Worth, History, Founder, Revenue (Updated). GrubHub CEO Matt Maloney looks up at a screen during the company's IPO, on the floor of the New York Stock Exchange in New York April 4, 2014. And Matt Maloney ( Grubhub ) Wiki Bio: Wife, Net Worth 2020, Uber that! GrubHub shares were trading at around $31 each in late trading today. Total Matt Maloney Net Worth in 2021 - $1 Million - $5 Million (Approx.) Matt Maloney, the CEO of Grubhub, called it "the dumbest business you could ever be in" because of its razor-thin profit margins. Through this partnership, customers in over 500 cities were able to order takeout from over 20,000 restaurants. Grubhub founder Matt Maloney is leaving the food delivery giant just four months after it was acquired by a European conglomerate. In New York City, you'll see Seamless ads plastered on the subways and buses. Seattle, Portland, Denver, Boulder, Miami, Dallas, Fort Worth, Houston, and Phoenix, with plans to add more cities in 2011. As of 1 May 2021 he still owns at least 25,110 units of Just Eat Takeaway.com N.V stock. The current estimated net worth of Grubhub Inc's CEO, Matthew M Maloney, is estimated to be about $106.29M . . estimated net worth of Matthew M. Maloney, Select a Column Field to add to the results. Legacy EJY Inc, formerly Enjoy Technology Inc is a technology-powered platform reinventing Commerce at Home to bring the best of the store directly to the customer. Advertisement 7. The most recent transaction was a sale order of 4,000 units , worth We bootstrapped, and it paid off. The estimated net worth of Matthew M. Maloney is at least $282,966.75 as of January 21st, 2021. Now look at Matt Maloney Net worth income salary 2021 latest updated report given here. Grubhub CEO Matt Maloney and his wife, Holly, last month sold a six-bedroom, 6,063-square-foot mansion in Chicago's Lincoln Park neighborhood for $3.45 million. The company has pioneered a new retail experience which can do everything a traditional retail experience offers through its Mobile Stores. Who Are the Richest Soccer Players and What is Their Net Worth? The shares were sold at an average price of $75.96, for a transaction totalling $75,960.00. Matt Maloney was CEO of GrubHub Seamless as the company merged with two of the largest online food delivery services, GrubHub and Seamless.com, in the. , There are no executives at Just Eat Takeaway.com N.V getting paid more. In 2019, there were over 19.9 million users and 115,000 restaurants associated with the company in over 3,200 cities throughout the United States. In 2006, GrubHub won the University of Chicago's New Venture Challenge. You can disable footer widget area in theme options - footer options, Matt Maloney (GrubHub) Wiki Bio: Wife Net Worth 2020 Children Education Family. Fast Radius Inc (FSRDQ) The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. Since founding GrubHub, Matt returned to the University of Chicago to pick up his MBA. Hes also a member of ChicagoNEXT, an organization focused on growing business opportunities in Chicago. This photo shows a rendering of the lobby. Grubhub spent $319 million on operations and support to handle the growth in order volume and $120 million on sales and marketing, particularly to help drive orders to struggling restaurants. 9 Walton. Matthew M. Maloney owns 4,635 shares of GrubHub Inc (GRUB) as of January 21, 2021, with a value of $83,476. Maloney will step down in December to pursue other opportunities, the company said Friday. in physiology from Michigan State University. Get todays need-to-know restaurant industry intelligence. This investment adviser does not provide advice to individual investors. It's just smart. Prior to GrubHub's merger with Seamless North America LLC, Maloney led the company through five rounds of investment funding, the acquisition of . Mr. Maloney is the founder and CEO of Grubhub a leading online and mobile food-ordering and delivery marketplace with the largest and most comprehensive network of restaurant partners. 47 min; JUN 3, 2021; . Matthew has made over 135 trades of the Just Eat Takeaway.com N.V stock since 2014, according to the Form 4 filled with the SEC. Finally we said, "What if we take a 10 percent commission on whatever we sell for you?" Gurus may be added or dropped from the GuruFocus site at any time. Competitive Advantage - Grubhub does not have a competitive advantage. Personal Investments. over $300K on December 30, 2020. We have a business model that everyone understands. GrubHub co-founder Matt Maloney took his Chicago food ordering service from scrappy startup to a public company worth $3 billion. Before the merger, Seamless was our biggest competitor, so I was very aware of what it was doing. In our case, it was very simple. Last year, Chicagoans placed over 2 million dollars in orders for delivery through Grubhub.com. There were a limited number of menus available, and paying with a credit card required stating the numbers over the phone. Over the last two decades, the online food-delivery empire has grown to be worth over $2.37 billion, starting as a simple tool for people to order food from restaurants in Chicago. On average, Matthew trades about 21,429 units every 16 days since 2014. The estimated Net Worth of Matthew M. Maloney is at least $150 Million dollars as of 1 May 2021. He has built a magnificent company and helped create hundreds of thousands of jobs across the US. Members help make our journalism possible. So we built a tablet app for restaurants to confirm and complete orders, send messages back to us, change a menu item or the restaurant's hours--whatever they need. That was major--it's a lot easier to pull out your phone and order with three thumb taps. We believe the merger will enhance the products we are able to offer both our diners and restaurants," said Matt Maloney, GrubHub co-founder and CEO. Matt Maloney Career Wiki. Learn More about Matthew M. Maloney's net worth. Mike Evans and Matt Maloney were working late nights at Apartments.com in 2004 when they grew tired of ordering the same meal from the same restaurant. 2004-2023 GuruFocus.com, LLC. sale The idea of ordering takeout online was conceived in New York and Chicago in the early 2000s by two groups. Inc. Best Workplaces Regular Rate Deadline 1/13 11:59 PM PT Apply . Matthew Maloney is the founder and CEO of online food ordering company, Grubhub, Inc. "I'm still trying to reconcile my own worldview with the overwhelming message that was delivered last night. If your order's not out the door in 20 minutes, then we're on the phone figuring out what's wrong. He also serves on the Board of Trustees of the Museum of Science and Industry in Chicago as well as on the board of 1871, a non-profit digital startup incubator. . Having money helps. Matt Maloney, Grubhub's founder and CEO, will join Just Eat Takeaway.com's board and will lead the company's North American business, the companies said. Matt Maloney has made 3 investments. Matthew M. Maloney is the director & CEO of GrubHub Inc. On Thursday, the Washington Times reported that Matt Maloney, CEO of the online food ordering company Grubhub, issued a political email to employees expressing disgust with President-elect Donald Trump and his politics. In summary, during the past 3 months, insiders sold 0 shares of GrubHub Inc (GRUB) in total and bought 0 shares, with a net Thu, Jun 11 202010:16 AM EDT. Fast Radius Inc (FSRDQ)'s detailed insider trading history can be found in Insider Trading Tracker table. People in San Francisco loved it, and investors noticed. Definitely worth the time! Mr. Maloney holds a BS from Michigan State University and two masters degrees from the University of Chicago, in business administration and computer science. To be detailed, the average return of stocks after 3 months bought by Matthew M. Maloney is 4.7%. This business is hyperlocal. The current estimated net worth of Grubhub Inc's CEO, Matthew M Maloney, is estimated to be about $106.29M . This photo shows a rendering of the lobby. Seamless, in 2013, and its IPO in 2014. Doordash has edged into the number one position with 36 percent market share, according to the data company. Two years ago, The Post exclusively broke the news about Grubhub erroneously charging restaurants fees of as much as $11 a pop for telephone calls that never resulted in a food order and resulted in City Council hearings and legislation making the practice illegal. Matthew Maloney serves as Chief Executive Officer, Director of the Company. They paid $3.44 million just over two years ago for it but never embarked on an anticipated renovation and ultimately placed it back on the market in January. Historically, we'd send them by fax--but the fax machine runs out of ink or gets jammed. On Wednesday Matt made the conscience decision to send out an email to all 1400 employees of GrubHub. --As told to Liz Welch. We're one of the few consumer internet companies for which offline advertising works really well--specifically, at transit hubs. The latest from Restaurant Business, sent straight to your inbox. Above is the net worth, insider trading, and ownership report for Matthew M. Maloney. In 2006, GrubHub won the University of Chicagos New Venture Challenge and since then, Matt has seen the company through five rounds of investment funding and the acquisition of DotMenu. He founded Grubhub in 2004 and has grown the company into one of the leading online and mobile takeout food ordering and delivery services. from Michigan State University and an M.B.A. and MSCS from the University of Chicago. of 0 shares. Details To Know About Virginia Governor Candidate, Keri Lewis Biography; Net Worth, Age And Wife, Education (High School / College / University), The University of Chicago Booth Scholl of Business / University of Chicago / Michigan State University, Social Media (Twitter Instagram Facebook). document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Thanks for contacting us. Matthew M Maloney, CEO, We launched our mobile platform in 2010. Mr. Maloney owns over 16,561 units of Just Eat Takeaway.com N.V stock worth over $173,008 and over the last 8 years he sold GRUB stock worth over $141,545,561. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. He also navigated several key acquisitions including leading restaurant delivery services, Restaurants on the Run and DiningIn, as well as DotMenu and the launch of OrderHub in 2012. as one of Americas Most Powerful CEOs 40 and Under in 2016, and as one of. "I did not ask anyone . Only the transactions in Open Market or Private Sale at the market prices are included. Chart Data in Insider Trading History Table. GrubHub co-founder Matt Maloney took his Chicago food ordering service from scrappy startup to a public company worth $3 billion. Mother, 1-year-old son killed in first Alaska polar bear attack in 30 years, New Mexico shootings targeting Democrats follow two years of election assaults, Alderman blocks Norfolk Southerns Englewood rail yard expansion with delay on land vote: Its just been a disrespect to me and the community, Do Not Sell/Share My Personal Information. . of 0 shares. Matthew M. Maloney currently owns a total of 1 Acct. The company reported a net loss of $18 . Matthew M Maloney owns about 5,554 units of Grubhub Inc common stock. Maloney holds an M.B.A. and M.S.C.S. . In 2004, he and co-worker Mike Evans launched GrubHub, an online food-ordering service, in Chicago. Learn More on Just Eat Takeaway.com's active insiders. All of that contributed to a net loss of $68 million. In addition, he makes $7,835,650 as Chief Executive Officer and Director at Just Eat . Total Matt Maloney Net Worth in 2021 $1 Million $5 Million (Approx.). The mansion is expandable, and has the option of being able to be enlarged up to at least 10,000 square feet, according to listing information. The company's geographical segment includes North America and Europe. They had an operating income of $89.7 million and a net income of $98.9 million. . The news was revealed Friday by Grubhub's new owner, Amsterdam-based JustEatTakeaway (JET), which acquired the company in June for $7.3 billion. Maloney was recognized by Forbes as one of Americas Most Powerful CEOs 40 and Under in 2016, and as one of Fortunes Top 50 Business People in 2014. In October of 2021, Maloney stepped down from the board of Just Eat Takeaway, an Amsterdam-based conglomerate that bought Grubhub, in June 2021, with a net worth of $150 million. and Matt Maloney, who founded Grubhub and built it into one of the country's largest delivery providers, is leaving the company. And, if he gets his way, no one will ever have to phone for a pizza again. He received an undergraduate degree from Michigan State University and an MBA and a graduate degree from The University of Chicago. Now look at Matt Maloney Net worth income salary 2021 latest updated report given here. GrubHub was doing a really good job nationwide--but Seamless had incredible brand awareness in New York. By one measure, Grubhub controls 34 percent of New York City as of July, down from 72 percent just two years ago, according to data analytics firm Bloomberg Second Measure. Other key executives at Legacy EJY Inc include Welcome to GrubHub Second Quarter of 2019 Earnings Call. It has added integrations with Olo and POS provider Clover, partnered with a robot delivery provider on college campuses, and is powering food ordering at FedExField in Washington, D.C., and the massive Resorts World Las Vegas complex. Currently, Mr. Maloney occupies the position of Chief Executive Officer & Director at Grubhub, Inc. and Chief Executive Officer at Dotmenu, Inc. and Chief Executive Officer & Director at GrubHub Holdings, Inc. (both are subsidiaries of Grubhub, Inc.). Biography of Matthew Maloney. Its very hard to trick a consumer to pay more than they want to pay, Maloney said on an earnings call, adding that consumers are incredibly price sensitive, they understand what they are paying., 2023 NYP Holdings, Inc. All Rights Reserved, Grubhub lobbies to loosen NYCs pandemic-era fee cap law as it sues city, Grubhub owner jokes about Katy Perry ad as it takes $3B writedown, Alleged Bronx rapist, caught when one victim used Grubhub to call for help, faces multiple sex crimes, How Amazon Prime subscribers can get Grubhub Plus free for a year, regulations aimed at curbing the fees delivery services charge to restaurants, plummeting by 43 percent after a poor earnings report on Oct. 29, 2019. Matt Maloney (Grubhub) & Mark Tebbe. but never stop believing that the fight for what's right is worth it. "Matt Maloney has decided to step down . During their debut decade, Grubhub and Seamless were dominant in the food delivery market, but they began competing against each other as food delivery began to take off in the early 2010s. These days, nearly 50 percent of orders are placed via mobile devices. To do this, we have a team of more than 300 customer care agents in Chicago proactively managing the status of meals nationwide. $1 billionGross food sales via GrubHub in 2013, The Daily Digest for Entrepreneurs and Business Leaders. GrubHub is a ventured-backed company founded in 2004 by Chicago-based software engineers Matt Maloney and Mike Evans. Share. brought Previously, Matt was the CEO of GrubHub, a company he co-founded in 2004 with his friend Mike Evans. and bought an estimated value of $22.04M worth of shares. 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