The AirBnB analysis is spot on. Barring the unexpected, the network effects of AirBnB are going to be soul-crushing for competitors for the foreseeable future.

The AirBnB analysis is spot on. Barring the unexpected, the network effects of AirBnB are going to be soul-crushing for competitors for the foreseeable future. The DoorDash analysis though seems rushed. I'm not convinced DoorDash has a maintainable moat. They've taken a unique angle, but easily repeatable with adequate funding.