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Silicon Valley venture capitalists growing wary of on-demand delivery

The entry of Uber last year into the delivery business with UberEats, for food, and UberRush, for packages, promises to make life more difficult for smaller start-ups.

San Francisco

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.

"The movement of goods and services and people, by...

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