The Ledger
Every statement that passed quotation and attribution checks. Mix any filter with any other: certainty 1/5, debate potential 5/5, or both at once.
why aren't all 9 resolved? a statement only gets an assessment when the public record can support or contradict it. opinions and what-ifs never can, and 0 checkable ones are still open, waiting for their date. predictions held up or didn't; assertions are supported or contradicted. on every card: ▮▮▮▮▮ certainty · ▮▮▮▮▮ debate potential. speakers are clickable
Jason Droege rejected a McDonald's delivery partnership for months
“And so McDonald's actually approached us and they said, Hey, we'd love to do food delivery with you. And I'm, and I said, no. And they're like, hold on a second. Like we have like eighty million consumers a day. Like you don't, we don't want to do this togethe…”
Incremental restaurant food delivery generates 70% to 80% gross margins
“If you were to take a restaurant location and triple demand based on the same labor, the same ingredients excuse me, the same labor, but you're just scaling ingredients. You've got a 70 to 80% incremental gross margin product.”
Uber Eats launched with 30% take rates before settling at 25%
“And so we came in and we said, we're going to charge you 30% of the bill. And they were like, oh my God, is this Groupon all over again? This is way too high. Oh my gosh. And we explained the economics to them. And they were like, okay, we'll give it a try, bu…”
Product leaders miss visceral user reactions without firsthand product use
“Until I get behind the wheel, or I'm a passenger, or I'm using Uber Eats, what I miss is the visceral reaction that you get when something happens.”
Uber Eats hit $20 billion in gross bookings within 4.5 years
“Well, we launched it in December of 2015 in Toronto, and within, like, two hours, we had done, like, 20,000 dollars for the sales. It was crazy how quickly we saw that, that it was the right idea and the unit economy for good. And then four and a half years la…”
Uber Eats kept mostly the same management team from $0 to $20B
“That management team for the most part, outside of some of the operations side, but like for the most part, that management team was the same management team from day one, when we had nothing to twenty billion dollars.”
Grubhub was disrupted because public market scrutiny blocked private capital tactics
“GrubHub wasn't able to, for different reasons. They were a public company. And so they couldn't, couldn't access capital in the same way that the private markets could, but they were too slow. To change the atomic unit of their supply to have delivery that the…”
Uber mandates teams fix 300 dogfooding issues every six months
“We have set an OKR that we're going to fix. 300 of these issues. Every team, actually, the driver team will fix 300 of those issues. The rider team will fix 300 of these issues and same for the Uber Eats team. Now, I don't really care whether it's 300 or 200 o…”
Kansal: Uber turned its on-campus barista into an Uber Eats merchant
“So we have a cafe here at Uber on campus. We also have a barista. So we enable the barista to be an Uber Eats restaurant. And they have an Uber Eats tablet, and I can actually order from that barista. So now you're dogfooding being an eater, you're dogfooding …”