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Consumer / F&B · $350M Valuation

Insomnia Cookies

Late-night cookie delivery brand with 250+ locations nationwide. Cult favorite among college students and late-night snackers.

Key metrics

Initial investment
$50K
Current value
$100K
Entry valuation
$350M
Latest valuation
$350M
Current MOIC
2.0x
Base case
$150K
Bull case
$350K
Conviction
3/10

Key value driver

350 → 1,800 stores; PE backing

Primary risk

PE dilution; execution on 5x expansion

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