Skip to resource content
Founder conversationLeader $5m+

How Spresso Doubled to $5M After Spinning Out of Boxed's Bankruptcy

Jared Yaman explains why Boxed's low-margin grocery model ended in Chapter 11 and how Spresso, spun out with BlackRock's backing, grew from $2.5M ARR to about $5M.

Jared Yaman · Spresso

Published February 26, 2026
Watch the full conversation
About this resource

Explore the lesson. Sign in to access the resource library.

What you’ll learn

Jared Yaman, co-founder of Boxed and now CEO of Spresso, explains how Boxed reached about $187M in revenue selling low-margin groceries online before filing for Chapter 11 in 2023. He describes how Spresso was spun out of the wreckage with BlackRock's backing at about $2.5M ARR and has roughly doubled since.

Read the source passages

Key moments

Find the ideas you need and go straight to the source.

The 4-5% contribution margin win

“if we were to hit a four to 5% contribution margin, that was a big win”
Watch at 05:53

Capital needed to fight Walmart

“Or if you're gonna do that, you need to put $2,000,000,000 on the balance sheet, you need to make that a ten year journey.”
Watch at 05:11

Why this is a bootstrap era

“I feel like we're almost in, like, bootstrap era. Right? Capital efficiency, do more with less,”
Watch at 08:07

Debt capped at 10% of ARR

“My super, you know, basic target would say to keep the debt or keep the leverage less than 10% of ARR, and then 10% has sort of been our standard interest rate.”
Watch at 23:47

Deploy time cut to four weeks

“What used to take, say, four months to deploy a platform is now down to like four weeks or less.”
Watch at 25:19

Resource files

About the speaker

Jared Yaman

CEO · Spresso

Company revenue
$5M

More founder interviews