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20VC: Postmates Founder Basti Lehmann on How the Uber Deal Went Down and How a $2.65BN Deal Turned into $5BN, Why Great VCs Add No Value and VC Value Add is BS Marketing & Why The Biggest Companies in History Will be Born Today and Replace Incumbents
The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
Sound Fundamentals and Clear Path to Profitability Lead to Successful Investment
In the on-demand delivery market, companies faced fierce competition and required significant capital for advertising and market share. The key to success was having sound fundamentals, a clear path to profitability, understanding unit economics, and strong execution capabilities. Despite challenges such as low margins, high labor costs, and low average order values, companies like DoorDash succeeded because they had profitable markets at scale, leading to a misconception about the difficulty of their business models compared to SaaS companies.
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