37-year-old quit Amazon and started 20 companies before coming up with Instacart—now he's worth $1.1 billion

His path to becoming a billionaire was anything but certain,on Wednesday: It was littered with the remains of "about 20" failed startups that he attempted, before finally finding success with Instacart.

"The reason why I quit my job at Amazon was because I wanted to become an entrepreneur," Mehta said. "I didn't know what my idea was going to be." Finally, he finally turned to his own refrigerator for inspiration. Being low on groceries "was an ongoing problem for me," Mehta said, and he figured he probably wasn't alone.

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