Sarah Tavel: uncertainty

Transcript context

…And this is the reason that Uber went big and raised so much money, invested so much to scale so fast, versus Lyft. Same with DoorDash versus Uber. Basically, they're both trying to dominate. Neither one, I guess, Uber, I don't know if it's safe to say, seems to have won in the market. DoorDash versus Uber Eats still very one and two-ish. So I think a lot of people look at these companies, they're like, "They raise so much money, they're losing so much money, they're never going to work." But they do this, because to build a durable business and to get the benefits of the idea of what the marketplace they built, they need to dominate, they need to be number one by far. And it doesn't mean it always works. DoorDash, even though they're bigger than Uber Eats, from what I understand, they're not like... I don't know, would you consider they're dominant? Or is it still a big challenge? I don't know. I don't know. What is clear is that they've built an incredible company. It's just an incredible... They've done an incredible job of doing what they do, and it is a crowded market still. So you can still build a great business, even if you don't dominate, dominate. It's just you won't make as much money, nearly as much profit, basically, your cash flow.…

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