Niklas Östberg, Founder @ Delivery Hero: Competing with Uber and Doordash in a Capital Arms Race

20VC with Harry Stebbings
1:12:04
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7 months ago

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if you take our Thailand business we scale from couple of thousand orders a day up to 400,000 orders a day in less

than a year but it was not sustainable Nicholas osberg the CEO of co-founder delivery hero the largest delivery

platform in the world thought they were unbeatable Unstoppable therefore we felt it was a clear path to being a 100

billion company so why would we want to dilute on 30 billion we got greedy stock fell 5% and 10 or 15% and then shortly

after more than 50% then it was truly too late great leaders follow their beliefs when they do people follow them

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