Peter Kafka

Recent Posts by Peter Kafka

Burger, Fries and a Coke, Delivered To Your Desk? That Will Be $50 Million.

SeamlessWeb, which connects people who want to eat food with restaurants that want to deliver it, has a new investor: Spectrum Equity Investors is buying a minority stake in the company for $50 million. SeamlessWeb was formed in 1999, and acquired by commercial food giant Aramark in 2006; Aramark continues to own the majority of the company. SeamlessWeb, which doesn’t actually deliver food to diners, but simply processes orders via the Web and mobile apps, says it will do more than $400 million in sales this year. Spectrum’s other investments include Demand Media, Survey Monkey and Ancestry.com.


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The problem with the Billionaire Savior phase of the newspaper collapse has always been that billionaires don’t tend to like the kind of authority-questioning journalism that upsets the status quo.

— Ryan Chittum, writing in the Columbia Journalism Review about the promise of Pierre Omidyar’s new media venture with Glenn Greenwald