DoorDash is now a public company now worth $30B. Just 10 years ago it was seeking funding from Y Combinator.

It’s crazy to think what can happen in 10 years!

Via @wealthsquad_

#wealthsquad #wealthsquaduniversity #wealthsquadfamily
Avatar of charlie.munger.wisdom

charlie.munger.wisdom

2024-04-17 23:55:04

hey i'm standing on a stanford cs major i did find an engineer at facebook
hey i'm andy i'm also a stanford cs major and i did platform engineering at facebook i'm evan i was on the founding team of vivo the music video service and i'm tony i was a product editor at square
and the four of us came together about six months ago to work on software for small business owners but we didn't have a need at first so we just went out and talked to all the small business owners we could find
after over one hundred interviews we came across really interesting problem with small business restaurants in an area like this paolo alto
yeah so it turns out
restaurants in palo alto don't deliver even though they really want to but they can't afford it
but their consumers are craving for it and but the places that that the consumers love just can't deliver
and we also found out about these delivery drivers who had a ton of spare time and they all wanted an extra cash during that downtime right and so that's when we build an initial product called to delivery dot com
and how it worked is the customer goes to the website and placing an online order that gets automatically sense the restaurant
and then we as dispatchers listen pretty neat routing and batching algorithms were able to send the drivers efficiently to
get the orders to the customers at a really
fast time yeah and the four of us actually started off as delivery drivers
and over time we hired more as we grew
and in our first month of launch with not much marketing we got over one hundred and fifty paying customers in the palo alto area which is really awesome
and from that we generated over ten thousand dollars in sales