Firehose #181: 🚴‍♂️ Dashing to IPO. 🚴‍♂️

DoorDash has an opportunity to power an evolved, local commerce economy where urbanization has taken a back seat to remote work, the homestead is more relevant than ever before, and the “arming of the rebels” has yet to capture the imagination of Main Street businesses. This is bigger than late night takeout: Food delivery is to DoorDash what book ... See more

First, that the opportunity Postmates saw was Grubhub’s to lose, but Postmates ran at that opportunity too aggressively while Grubhub ran at it too slowly. And second, as DoorDash battles two public company competitors in GrubHub and Uber Eats, staying private is a weapon I suspect they won’t be eager to give up.

It’s a bit of a different situation for fast-casual chains operating at scale, where the delivery networks sit somewhere on the spectrum between “necessary evil” and “incremental growth driver.”