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Silicon Valley venture capitalists growing wary of on-demand delivery
Published Tue, Dec 13, 2016 · 09:50 PM
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 easier, more convenient means," he said in an interview. "That's a huge trend, enabled by smartphones."
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