Ben Gilbert: commitment

Transcript context

…In terms of the incentives that the consumers are getting, but the take rate for DoorDash gets higher over time as they're paying incentives. Sorry, yes I said that backward. They had monumental growth. You can back into depending on how their Q4 goes that their run rate right now is something like a $22-$25 billion gross order volume on an annualized basis. For 2020, it would seem they'll probably come in around $25 billion in gross order volume. How big is $25 billion? To contextualize this, in the small-ish order values of food delivery as a category compared to, say, travel, which we will cover tomorrow on the Airbnb episode, it's hard to stack all those purchases on top of each other to get to a truly huge gross business. Those who have done that successfully are in the e-commerce vertical, DoorDash has $25 billion-ish a year that moves through their platform. Amazon last year had $335 billion and when you look at Alibaba in China they had close to $1 trillion of gross volume through their platform, and even Pinduoduo which we covered to start this season had a $150 billion in GMV or gross volume. Talk about the big-number syndrome.…

Stored transcript either side of the excerpt. The highlighted words are the published quote; the surrounding text is unedited source, never generated.