Tech Industry
Yesterday
2948
I am starting to think Chinese interviewers currently fail non-Chinese candidates on purpose.
Tech Industry
Yesterday
3885
Crossed a line with my boss
World Conflicts
Yesterday
556
American police seem to work only when Israel is challenged
Tech Industry
6h
343
Which would you chose, remote overemployment or move to Googe/Meta??
Tech Industry
9h
2180
Asians - what are your thoughts on asian female white male ?
https://techcrunch.com/2019/02/11/doordash-is-reportedly-raising-500m-at-a-6b-valuation/ What's the future value add to doordash , Any comments guys ?
Is it too late to make big $$$?
If you're asking if it is too late to join, it depends on what your expectations are. Going 10x from here will take time and we'll need to build out more verticals like food delivery to be full fledged businesses. But 2-3x in the short term is very possible.
Lots of growth still left - expanding within US and Canada, expanding out of North America, delivering other types of goods like grocery, alcohol etc., building out drive platform (our fulfillment service for delivering anything) etc. We're still not the biggest logistics network in the US. But, hopefully, we'll get there this year or next.
don't want to expand to asia ?
I guess we will, eventually.
Burn baby burn
6B is a crazy valuation. Grubhub is valued at 7 and is dominant relative to doordash...
We are growing 60% faster than Uber and 500% faster than grub. Same size as Uber today and we’ll be bigger than grub in a few months.
I will take the other side of you be bigger than grub in a few months. I wish you the best on that though. I honestly think the bigger issue for all of the players is that it is a super competitive market with low barriers to entry, which make it really hard to generate the profits necessary for the valuations to hold in the long term.
Overblown valuation. I doubt DoorDash is going to go much further than where we are in 2019. What makes them so different from everyone else? Nothing.
we ?
Doordash is different from everyone else in that we're the only company in the space that's growing market share in a meaningful way. Grubhub is declining rapidly and is the only company with higher market share according to this article: https://oversharing.substack.com/p/doordash-is-the-dark-horse-in-the
Why is it burning through cash? It raised 800M last year. I wonder if the founders have even 1% voting rights on the board. I also wonder if the employee options will be worth much if it exits.
Same strategy as Amazon. Low margins but grow like crazy.
Respectfully, could you please explain why your margins are so low? You charge a delivery fee, and you use the tips to subsidise driver pay. And then you have a service fee on top of that. Seems like a lot of revenue per delivery, with very little cost on your end. (And that's not even counting any fees you charge the restaurants, if there are any, which I don't know about) What are the expenses? The app and website are basic. Drivers bring their own car/bike.
Big bubble here. All these food delivery companies. What’s your unit economy?
GrubHub is UE positive at around $2 per delivery. I’d wager other competitive services are similar
Agreed probably only uber eat will survive
don't think so
Grubhub has legit unit economics Still probably over valued, but at lest it makes a real profit
Dumb money everywhere
Really displeased with how these companies factor tips into the driver’s compensation. I don’t trust them when they say “100% of tips go to the driver” when they reduce their payment. It’s shady. I avoid these services entirely for this reason. Rarely do I use them, eg I am sick and cant get out of the house but need to eat.
The way DoorDash does it is actually done to reduce cherry picking. On some platforms, drivers will constantly decline $3 orders and wait for the $10-20 order to come. With the tip subsidizing, it’s actually better for drivers because the tips are spread out among the driver pool. Most of their orders will be around $7 and they are far less likely to cherry pick. They are just less likely to get those big $10-20 orders, though they still happen
Intuit, you should try caviar. They don't reduce pay based on tip amount.