Silicon Valley VCs are growing wary of on-demand delivery startups

Silicon Valley VCs are growing wary of on-demand delivery startups

Michael Moritz of Sequoia Capital interviews U.S. Treasury Secretary Timothy Geithner during an event at the Commonwealth Club in Palo Alto, California, U.S. October 18, 2010. REUTERS/Kim White/File Photo

Michael Moritz – chairman of Sequoia Capital and one of the most successful venture capitalists in history – says a simple vision led him to invest hundreds of millions of dollars in on-demand delivery startups.

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