Ilkka

Miki Kuusi: How I Scaled Wolt to $8B; Why I Sold to DoorDash | 20VC #953

Miki Kuusi, Harry Stebbings, Kyle Harrison, Tony Xu, Ilkka

Wolt founder Mickey Bergman transformed his food ordering startup by pivoting from a pickup model to rapid delivery, subsequently rejecting a lucrative acquisition to prioritize long-term growth before the company was eventually acquired by DoorDash. This strategic expansion included cutting non-core verticals and implementing a high-performance culture where stock options were granted to all employees to align incentives. The resulting market leader now operates in over 20 countries with a vision to redefine local commerce by reducing delivery times from hours to mere minutes.