Ben Gilbert: commitment

Transcript context

…Khosla, CRV, SV Angel, and Pear. None of those appear in the S-1. Those are all below 5% shareholders. As we will talk about later, this company underwent a tremendous amount of dilution in order to scale the way that they did. Yeah, we are still in act one of the story here. Let's wrap up act one. There was this seed, $2.4 million, and they realized, okay, we're going to change the name to DoorDash. We're going to expand beyond Palo Alto. Let's go to our first bigger market. The natural thing to do that all the ridesharing guys did was go to San Francisco. You think like, hey, city. Natural use case for food delivery. It was for ridesharing. You should go there. Tony had the insight. He grew up in Illinois in Champaign Urbana, but in highschool, his family moved to San Jose. Champaign Urbana and San Jose. While San Jose is a big metropolitan area, it's much more suburban in feel than it is than it's like a city. Tony said, actually, the mass market is out there. It's not in San Francisco. It's not in cities. They launched in San Jose, in East San Jose, specifically, as their first market. This was just brilliant. It's been talked about elsewhere, but going to the suburb versus the cities, there was no competition. It was Domino's or DoorDash.…

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