On-Demand Services = Growing Rapidly…Benefitting Local Merchants ~5% of [USA] restaurant business’s $800B in annual sales is delivered – we’re still in the very early innings of the development of on-demand delivery & services. We started DoorDash to help local businesses… ‘local’ has long been the promise of E-Commerce but no one has found a way to help local merchants thrive online – that is the space we focus on. We do this by enabling local merchants to participate in selling convenience. There are a lot of merchants who are ready to make the transition from selling experiences to also selling convenience, which can often reduce their costs. I think this is the biggest business model change in commerce. Tony Xu – Founder / CEO, DoorDash, 6/19 Internet Trends 222 2019