Ben Gilbert: evaluation

Transcript context

…Yeah, not to mention even just the fixed cost, so to speak, although they're variable costs, but it's a fixed set of variable costs of having the Dashers operating. You have capital in the system all day, every day with the dashers that are operating on the platform. How do you leverage the fact that they're getting paid to be doing the fulfillment on the platform? How do you get more leverage out of that? Meaning, make them do more deliveries more efficiently during the time that they're working for you? It's almost like the gig economy. It's a third way to think about costs. It's variable but it’s not totally variable. It's a fixed set of variable costs in the network and how much leverage can you get out of that? Yeah, and then that goes to the bear case. Actually one of them is pandemic related, which is the most simple way to look at the pandemic related bear cases. This is the best it's ever going to be for this business and after this, there's going to be way less demand than there previously was The other, I think a little bit more nuanced way to look at it is, the data that they're getting right now may not inform consumer behavior in the future, and so it will be hard to trust the guardrails for this cohort. Yeah, of course, all their most recent cohorts are looking great right now because of the pandemic.…

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