Visa Ventures (VV) is the corporate venture capital group of credit card company Visa, Inc. VV invests in companies that transform the ways businesses and consumers interact. VV believes that its unique value-add as an investor is that VV can provide access to a global customer network that is loyal and engaged. Visa, Inc., as a publicly-traded company, cares about both its strategic needs and its earnings per share.

VV is considering an investment in a food delivery startup named Turnpike Foods. Turnpike plans to use the proceeds to fund its growth.

Turnpike Foods cooks hot meals from a network of neighborhood trucks that can cook hot curbside meals drawn from chef-driven menus. These meals are then delivered to customers homes. Turnpike currently serves a cluster of Connecticut suburbs, located near the companys New York City headquarters. Turnpike plans to expand in the coming years, going to most major metropolitan areas in the USA by 2036. Turnpike estimates that it will not break even until 2026.

Food delivery and meal kit businesses grew considerably during the early days of the Covid pandemic. Recently, however, these businesses saw a substantial drop in business as customers returned to eating out.

Do you think that an investment in Turnpike Foods is a good fit for Visa Ventures? Why or why not? Hint #1: You may ignore valuation issues in answering this question. Hint #2: Please answer the question that was asked look at the sentence with the question mark