December 07, 2025

TIVP049: DoorDash (DASH): Can It Keep Delivering Returns? w/ Shawn O’Malley & Daniel Mahncke

1 hour 33 minutes

Shawn and Daniel break down DoorDash (ticker: DASH), America’s dominant meal-delivery company that’s rapidly expanding into all forms of local commerce.

IN THIS EPISODE, YOU’LL LEARN:

00:00:00 - Intro

00:00:47 - How DoorDash came out of nowhere to become America’s leading meal-delivery service, usurping Uber Eats and Grubhub

00:07:57 - What opportunity DoorDash’s founders saw and the story of its origins as Palo Alto Delivery

00:10:26 - What DoorDash has done to finally crack the code of positive unit economics in restaurant delivery

00:19:21 - Why DoorDash is well-positioned to continue growing both domestically and internationally

00:28:41 - How a tipping scandal nearly destroyed the brand

00:16:21 - Why the COVID-19 pandemic was such a significant boon to DoorDash’s business

01:15:35 - The company’s approach to management comp

01:21:07 - How to think about modeling DASH’s intrinsic value

*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.

BOOKS AND RESOURCES

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Business Breakdowns’ coverage of DoorDash

The Acquired podcast’s coverage of DoorDash

Modern MBA on DoorDash and the myth of profitable food delivery

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