Just a reminder on competition and crowded spaces: By the time DoorDash was founded, GrubHub, Caviar, Postmates, and OrderAhead all existed and were venture funded. Didn’t matter. Today, DoorDash is going public at 4x of those competitors combined validation.
When you looked close up, the space wasn't as crowded as it looked. There were many submarkets, and the Doordash founders were very explicit about which one they were going after.
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I think that’s a truth of many “crowded markets”, but makes it an easy way to dismiss an idea.
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Agree, a lot of value still can be had from attacking a market and winning by just executing better (tired example but see
$zm)
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Which submarket was that?
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Suburbs.
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Which submarket did they go after, Paul?
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Suburbs
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Starting w/ San Jose was the right move.
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