It's a bit more nuanced than that. The best way to think of food delivery businesses funded by VCs is to think of them as payday lenders.

Some background reading: https://themargins.substack.com/p/doordash-and-pizza-arbitra...

Be sure to also read this insightful comment left by a former GrubHub employee: https://themargins.substack.com/p/doordash-and-pizza-arbitra...