Eric
3.1K posts

Eric
@ericgardner0
Now: Cover business for @moreperfectus Before: Management consultant for ten years. Write a newsletter on retail/cpg https://t.co/NnlmrPY4h1



This lady ate a surface-to-air missile, sustained a 12-14 G rocket-propelled ejection, likely hit the ground at 15+ miles per hour… And then she popped up smiling at the locals who came to help her. Tell me again that women don’t belong in combat.

ICYMI: Yesterday, citing @CapitolKVD's "Price Discrimination & Power Buyers," the Ninth Circuit embraced the original goals of Robinson-Patman and delivered a landmark victory for mom-and-pop retailers across the country.

To replicate marketplaces like $DASH or $AXP you need to replicate the demand and supply side. AI apps will do the demand side work for you, so to compete w DoorDash you just need to build the driver and restaurant network. The biggest competitor will likely be direct restaurant delivery vs using DoorDash. Alap here, coauthor of the piece w @Citrini7. Imagine in October you can just prompt ChatGPT to re-order your favorite tan-tan noodles from your local ramen joint. The AI can price shop across DoorDash, Uber Eats, Grubhub and Instacart and directly to the restaurants site, choosing which ever offers the lowest price. As AI companies start driving real volume to restaurants, they will start offering a demand auction that each restaurant and delivery app can tap into. Today DoorDash takes 25% of the total order, charging both the customer and restaurant. So instead the ChatGPT agent could transact with the restaurant's bid, with ChatGPT taking a 7% cut, restaurant only paying 7% (vs typical 15%) and the consumer saving 11% vs buying through DoorDash. ChatGPT could run a second auction with delivery drivers for fulfillment. This works when AI apps have sufficient volume of orders, which is likely a 2027 event. Though Joe I do think this also partially answers your second question. As AI apps scale these auctions, they will build network effects in the same way Google did with adwords. Perplexity's auctions will have a lot fewer restaurant participants compared to Gemini and ChatGPT.

I spent 100 hours over the past week researching, writing and editing the piece we just put out. It’s a scenario, not a prediction like most of our work. But it was rigorously constructed, dismissing it outright requires the kind of intellectual laziness that tends to get expensive. And we’ve released it for free. Hopefully you enjoy it. citriniresearch.com/p/2028gic















