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Silicon Valley VCs are growing wary of on-demand delivery

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Silicon Valley VCs are growing wary of on-demand delivery

Melanie Wong | Dec 16, 2016 11:02 AM

" . . . Delivery startups continue to grapple with fierce competition, thin margins and a host of operating challenges that have defied easy solutions or economies of scale, venture capitalists told Reuters. Widespread discounting and artificially low consumer prices have made on-demand delivery 'a race to the bottom,' said Kleiner Perkins partner Brook Porter in an interview. . ."

Silicon Valley VCs are growing wary of on-demand delivery

Michael Moritz - chairman of Sequoia Capital and one of the most successful venture capitalists in history - says a simple vision led him to invest...

www.reuters.com
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