Adamson: Uber Eats maintained responsible economics unlike aggressive VC subsidizers
Jeff Adamson · He sold SkipTheDishes for $200M—then grew Neo Financial to a $1B valuation. | Jeff Adamson, Co-Fo... · PMF Show · Mar 24, 2025 · at 7:36
Jeff Adamson, co-founder of SkipTheDishes, discusses competing against Uber Eats and DoorDash in the Canadian market.
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“They didn't drop the bottom out on the market. They didn't go around just offering everything for free to everyone. And then just kind of burning all their VC money on just food delivery. They actually had pretty responsible economics.”
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More from Jeff Adamson
DoorDash Offered Canadian Restaurants 0% Commission to Undercut SkipTheDishes
“Once they started focusing on Canada, they would go and offer restaurants to have what we were doing for 25% commission. They would just do for free.”
Adamson: Canadians Pay Over Double for Banking Products Compared to Other Nations
“Right now Canadians are paying over double for the same products and services that you can get in other countries.”
Adamson: Incremental delivery business is high-margin because restaurant overhead is fixed
“When you look at the economics of a restaurant, when you look at the fixed costs, the variable costs, The margin on getting incremental business is very, very high because you're already paying the staff and their overhead.”
SkipTheDishes Maintained 20% Month-Over-Month Growth for Seven Years
“The crazy thing about skip is that when you actually look over the course of the business, like we grew on average over 20% month on month for like. Seven years.”