DoorDash, Inc.

Sacks support ×2 ▼ on 🤖 AI agents disintermediate consumer app interfaces E226 · 2025-05-02 ▶ 1:05:01

Now, I think it's pretty easy to imagine where this goes, which is you'll be able to connect an agent to all of your SaaS apps. So, it won't just be four applications, it'll now be connected to dozens of applications, including ones that already have your data. And it's going to know what actions it's possible to take in those apps.

Jason support ×2 ▲ on 📈 Asset-light domestic services platforms are the tariff-immune trade E226 · 2025-05-02 ▶ 3:02

All that matters to me is that Uber is the anti-tariff stock. It just does great. It's not impacted by tariffs. So here we go.

Chamath support ×3 ▼ on 🤖 AI agents disintermediate consumer app interfaces E200 · 2024-10-18 ▶ 39:49

I think a much better way to think about this is in the future, none of this UI real estate is actually worth anything.

Friedberg support ×2 ▼ on 🤖 AI agents disintermediate consumer app interfaces E197 · 2024-09-27 ▶ 52:52

But with ambient computing, you can more kind of cleanly state your objective without this kind of directive process. You can say, hey, I want to say I want to have dinner in New York next Thursday at the Michelin star restaurant at 530 Book me something and it's done.

Chamath support ×2 ▼ on 🤖 AI agents disintermediate consumer app interfaces E197 · 2024-09-27 ▶ 1:05:52

when you tell an AI agent, get me the cheapest car right now to go to XYZ place. It will go and look at Lyft and Uber and whatever. It'll provision the car and then it'll just tell you when it's coming.

Friedberg oppose ×2 ▲ on 📈 Consumer comfort services (DoorDash, Airbnb, Uber) best asset of 2024 E192 · 2024-08-16 ▶ 1:11:33

To support your point and what Chamath was messaging on our chat, look at Walmart. Stocks up 7% today. Because they offer lower priced solutions to consumers. And Dollar General and Dollar Tree are rallying as well.

Sacks oppose ×2 ▲ on 📈 Consumer comfort services (DoorDash, Airbnb, Uber) best asset of 2024 E192 · 2024-08-16 ▶ 33:06

And I think more and more consumers are just saying that this is a luxury good. I'm looking to cut costs.

Jason oppose ×2 ▲ on 📈 Consumer comfort services (DoorDash, Airbnb, Uber) best asset of 2024 E191 · 2024-08-09 ▶ 33:08

Consumers are definitely weakening on the low end, Airbnb and Amazon are example of bargain hunting, people who are looking for discounts, who want to save money with those services.

Sacks oppose ×2 ▲ on 📈 Consumer comfort services (DoorDash, Airbnb, Uber) best asset of 2024 E191 · 2024-08-09 ▶ 34:24

Airbnb stock went down 15% in one day on soft demand. And what's driving all of this is consumer weakness, or at least fear of consumer weakness.

Chamath oppose ×2 ▲ on 📈 Consumer comfort services (DoorDash, Airbnb, Uber) best asset of 2024 E191 · 2024-08-09 ▶ 29:46

but like Airbnb, where you think all these young people are running around, yoloing whatever cash they have, Airbnb had a massive warning on demand.

Chamath oppose ×2 ▲ on 📈 Consumer comfort services (DoorDash, Airbnb, Uber) best asset of 2024 E189 · 2024-07-26 ▶ 19:20

I think that when you see a broad-based set of revenue misses, that will kind of mean that the consumer is really under pressure. I still think that that's more in the fall, but we're headed in that direction.

Chamath oppose ×2 ▲ on 📈 Consumer comfort services (DoorDash, Airbnb, Uber) best asset of 2024 E183 · 2024-06-14 ▶ 1:12:09

And what's interesting is that we have finally burned through, and this is what this picture shows, all of the money that folks had in their bank accounts.

Chamath support ×2 ▼ on 🤖 AI agents disintermediate consumer app interfaces E178 · 2024-05-10 ▶ 24:30

Well, the quality is not good, but when the quality is good enough, you'll actually prefer it just because it's just lighter weight. You don't have to take your phone out. You don't have to search for your app and press it.

It's hard for me to imagine that we just go to a world totally where you say, like, hey, chat GBT, order me sushi, and it says, okay, do you want it from this restaurant? What time? Whatever. I think visual user interfaces are super good for a lot of things.

Chamath oppose ×2 ▲ on 📈 Consumer comfort services (DoorDash, Airbnb, Uber) best asset of 2024 E163 · 2024-01-26 ▶ 3:42

we are now really in the belt-tightening phase of this kind of economic process. So I think that the next probably six to nine months are more of these kinds of things, where folks realize that the amount of discretionary income that people had is less

Jason support ×1 ▲ on 📈 Consumer comfort services (DoorDash, Airbnb, Uber) best asset of 2024 E162 · 2024-01-19 ▶ 55:03

And I think that's where like these super apps are doing really well or Airbnb adding, you know, some inventory in a new city that they unlock

Jason support ×2 ▲ on 📈 Consumer comfort services (DoorDash, Airbnb, Uber) best asset of 2024 E160 · 2024-01-06 ▶ 56:01

I'm going to go with consumer comfort services... small luxuries like DoorDash, Airbnb, Uber... And I'm talking my book in two out of those three, which I own shares in... consumers are going to keep treating themselves.

Chamath support ×1 ▲ on 📈 Gig/supply platforms win 2023 as unemployment gets sticky E146 · 2023-09-22 ▶ 54:42

I think of all the three businesses, Dash probably has the biggest upside ... I don't own any of these three stocks. I'm just saying business model quality, Dash seems infinitely scalable.

Jason support ×2 ▲ on 📈 Gig/supply platforms win 2023 as unemployment gets sticky E110 · 2023-01-06 ▶ 29:13

I think the door dashes, Airbnbs, Ubers, Etsy's of the world who need entrepreneurs, they need workers, they need supply. They've always been supply constrained. As unemployment becomes, let's call it what it is, sticky, you're going to see a lot more people participating in gig platforms or entrepreneurial platforms that enable them to make money. So I think they will be huge beneficiaries, especially if they continue to lay off employees like door dash and Airbnb did to right size their businesses.

Jason support ×2 ▼ on 📈 The negative-unit-economics growth playbook dies with free capital E109 · 2022-12-24 ▶ 1:46:59

And then Uber, I put in my second. They need to do another riff. They need to cut some expenses, but they too are hitting the free cash flow and the network effects.

Chamath support ×2 ▼ on 📈 The negative-unit-economics growth playbook dies with free capital E103 · 2022-11-05 ▶ 42:44

I just don't see anybody rewarding hyper growth that is burning a ton of cash where you have to be back in market every year

Friedberg support ×2 ▼ on 📈 The negative-unit-economics growth playbook dies with free capital E101 · 2022-10-22 ▶ 39:33

And at this point, you should have enough scale that you should be able to earn. And if you cannot, the market will punish you for it. And that's certainly what seems to be the incentive and the pressure on the buy side to the executives across all these organizations today.

Brad Gerstner support ×3 ▼ on 📈 The negative-unit-economics growth playbook dies with free capital E101 · 2022-10-22 ▶ 33:33

Free capital hurt good companies from being great companies. They hired too many people. Their margins were too low. You know, SoftBank funding all of these rideshare companies around the world to compete with Uber meant that Uber, even though they were a market leader, did not have market leadership economics. And so the ringing out of the system of that excess, that grift, that stupidity, that's going to be good for the fundamentals of these business. But the transition from, you know, that low rate environment to the high rate of our it's dislocating for investors. It's dislocating for management at these companies. And it's going to be this. This is not, you know, a six month phenomenon. We're going to have two years of ringing out, right?

Sacks support ×2 ▼ on 📈 The negative-unit-economics growth playbook dies with free capital E100 · 2022-10-14 ▶ 38:43

And when you then have a downturn and capital is not so available, you have to build your business in a much more capital efficient way. And you can't create fake businesses where you're buying growth that's not economically justified, where you've got negative unit economics around the growth. So I think that this downturn is going to create a shakeout.

Friedberg support ×3 ▼ on 📈 The negative-unit-economics growth playbook dies with free capital E91 · 2022-08-13 ▶ 12:33

And the problem in that model is that by giving you so much money, capital becomes your primary asset as a business. And capital needs to be the fuel that enables your assets as a business to accelerate. But as soon as capital itself becomes your primary asset, the business is doomed to fail.