Posts filtered by tags: Tony Xu[x]


From Elon Musk to Tim Cook, here's where the world's most influential tech founders and CEOs went to college — and what they studied

College is where many figure out what they're actually interested in and determine the career they want to pursue. We researched the degrees and schools attended by well-known tech CEOs, many of whom launched their companies or landed on the idea for their first startup while studying at college. Here's where 52 CEOs and founders in the tech industry went to school, and what they studied. Visit Business Insider's homepage for more stories. For new college students, choosing a major can feel l...
Tags: Apple, Google, Facebook, Mark Zuckerberg, Europe, Elon Musk, Cook, Sweden, Maryland, Microsoft, Yahoo, Mba, Stanford, India, Satya Nadella, Trends

The Villain Always Wins

Courier service DoorDash—the company that’s managed with some success to dream up multiple predatory wage models for its independent contractors—has, according to recent data, pulled ahead of rival food delivery companies like Uber Eats and Grubhub. By every indication here, the bad guys are winning.Read more...
Tags: Science, Delivery, Doordash, Tony Xu

DoorDash, the $12.7 billion food-delivery startup, could make or break tech IPOs in 2020. Early investors explain why they backed the company and its founder. (GRUB)

DoorDash is one of the most valuable private startups and has recently emerged as the leader in the food-delivery industry. It's also reportedly gearing up for a public offering as soon as next year. Early investors in the company aren't shocked by its success. Even when the company was less than a year old, its business plan and management team impressed them and suggested it had a big future ahead of it, they told Business Insider. Click here for more BI Prime stories. Paul Buchheit was wor...
Tags: Amazon, California, Stanford, Softbank, US, Trends, Palo Alto, Canada, Silicon Valley, WeWork, Louisiana, Khosla Ventures, Sv Angel, Business Insider, Paul Buchheit, James Currier

Silicon Valley CEOs Appear to Have Chosen Their 2020 Candidate

(Bloomberg) -- The technology industry is looking for something different in a president in 2020. And it appears Pete Buttigieg is their candidate.While Joe Biden and Senator Elizabeth Warren are topping national polls in the contest for the Democratic Party’s nomination, California’s deep-pocketed Silicon Valley is donating to the 37-year-old mayor of South Bend, Indiana over the former vice president by a 5-to-1 margin.“Pete is a clean slate for the party in ways Biden can’t be,” said Cyrus Ra...
Tags: Google, Facebook, Mark Zuckerberg, News, California, Elizabeth Warren, Los Angeles, San Francisco, Barack Obama, Bloomberg, Joe Biden, Cnn, Afghanistan, Harvard, Hillary Clinton, Washington Dc

Why we’re still waiting on the Postmates S-1

In a wide-ranging conversation at TechCrunch Disrupt San Francisco last week, Postmates co-founder and chief executive officer Bastian Lehmann made light of the company’s lack of IPO documents. The San Francisco-based on-demand delivery business was expected to publicly file its IPO prospectus in September in preparation for a fall exit, sources familiar with the matter told TechCrunch this summer. September, however, has come and gone and we’re still waiting on Postmates to release the critical...
Tags: Food, Fundings & Exits, Startups, TC, Uber, Europe, Ipo, San Francisco, Tech, Ceo, Companies, United States, Mexico City, Venture Capital, Food Delivery, WeWork

DoorDash, now valued at $12.6B, shoots for the moon

More than five years ago, Sequoia partner Alfred Lin called Tony Xu, the founder of a small on-demand delivery startup called DoorDash, to say he was passing on the company’s seed round. This was, of course, before venture capital funding in food delivery startups had taken off. DoorDash, launched out of Xu’s Stanford graduate school dorm room, wasn’t worth Sequoia’s capital — yet. Today, venture capitalists are valuing the San Francisco-based company at a whopping $12.6 billion with a ...
Tags: Food, TC, Uber, Y Combinator, California, Finance, Stanford, Softbank, Funding, America, San Francisco, Tech, Walmart, Ceo, Companies, Canada

DoorDash launches a new program highlighting immigrant and refugee business owners

DoorDash launched a new initiative today called Kitchens Without Borders, which it says is designed to promote business owners who are immigrants and refugees. It’s starting out with 10 restaurants in the San Francisco Bay Area: Besharam, Z Zoul Cafe, Onigilly, Los Cilantros, Sabores Del Sur, West Park Farm & Sea, Little Green Cyclo, Afghan Village, D’Maize, and Sweet Lime Thai Cuisine. The entrepreneurs behind each of these businesses is profiled on the Kitchens Without Borders site. Their rest...
Tags: Startups, China, Tech, Doordash, San Francisco Bay Area, Tony Xu

DoorDash Has Been Confusing Its Workers About Payments for Nearly Two Years

This week, in a letter addressing individual workers of the food delivery service DoorDash, the company’s co-founder and CEO Tony Xu appeared to finally face brewing tension over the startup’s tipping model. In the letter, Xu said the company would be organizing surveys and roundtables with its delivery workers,…Read more...
Tags: Science, Gig Economy, Unfair, Tony Xu, Xu, Door Dash

DoorDash claims drivers made an average of at least $17.50/hour on deliveries in 2018

On-demand food delivery startup DoorDash has been under fire as of late for its practices around paying drivers. In an email to drivers today, obtained by TechCrunch, DoorDash said drivers received an average of $17.50 or more per hour on a delivery in 2018. That figure, of course, does not take into account cost of mileage, payroll taxes for 1099 independent contractors and other expenses. Sage Wilson, an organizer at non-profit labor group Working Washington, explained to TechCrunch how tha...
Tags: Food, Startups, Washington, Tech, Logistics, Fast Company, TechCrunch, Doordash, Tony Xu, Xu, Sage Wilson, TechCrunch DoorDash

DoorDash raises $400M round, now valued at $7.1B

Delivery company DoorDash is announcing that it has raised $400 million in Series F financing. Earlier this month, The Wall Street Journal reported that the company was looking to raise $500 million at a valuation of $6 billion or more. In fact, DoorDash now says the funding came at a $7.1 billion valuation. The round was led by Temasek and Dragoneer Investment Group, with participation from previous investors Softbank Vision Fund, DST Global, Coatue Management, GIC, Sequoia Capital and Y Combin...
Tags: Travel, Startups, Ecommerce, Funding, Walmart, Canada, United States, Wall Street Journal, Dragoneer Investment Group, Temasek, Doordash, Tony Xu, Xu, GrubHub, DoorDash Drive, August Co

$4 billion food delivery startup DoorDash hires a key Uber executive away to lead its engineering team

DoorDash has hired Ryan Sokol as its vice president of engineering. Sokol joins the company from Uber.  Sokol led and scaled UberEats, Uber's food delivery service, from its inception. He will lead DoorDash engineering, including product, infrastructure and data science, reporting to CEO Tony Xu. DoorDash was last valued at $4 billion in a $250 million funding round in August.  DoorDash, the $4 billion food delivery startup, has hired former Uber executive Ryan Sokol as its vice pres...
Tags: Apple, Uber, Trends, Xiaomi, Doordash, Tony Xu, Dara Khosrowshahi, Sokol, Ryan Sokol, Uber Sokol, UberEats Uber, Tony Xu DoorDash, CFO Prabir Adarkar VP Strategic Finance, Ravi Inukonda, Sarah Waegner, Sokol Adarkar

DoorDash poaches Uber Eats engineering boss

One way to gain ground on a competitor is to poach their best executives. We’ve seen it time and time again, from high-level Tesla employees fleeing for Lyft or Apple stealing Google’s AI talent. DoorDash, a well-funded food delivery unicorn, is familiar with this method of staffing. The company announced this morning that it has poached its second Uber employee in the last year to join its growing business. Ryan Sokol, credited with leading and scaling Uber Eats, Uber’s food delivery a...
Tags: Apple, Google, Food, Startups, Lyft, Uber, Softbank, San Francisco, Tech, Tesla, Pandora, Venture Capital, DST Global, Khosla Ventures, Kleiner Perkins, Doordash

DoorDash is officially live in all 50 states

Hot off the heels of a $250 million funding round and a lofty $4 billion valuation, DoorDash is launching in an additional six markets. As of today, the service is live in Anchorage, Alaska; Billings, Bozeman and Missoula, Montana; Sioux Falls, South Dakota; Fargo, North Dakota; Morgantown and Huntington, West Virginia; and Cheyenne, Wyoming, making it the first on-demand food delivery startup to operate in all 50 U.S. states. “In the past year alone we’ve more than quintupled our geographic fo...
Tags: Travel, Food, TC, Softbank, San Francisco, North America, DST Global, Khosla Ventures, Kleiner Perkins, Doordash, Morgantown, Anchorage Alaska, Cheyenne Wyoming, Tony Xu, Fargo North Dakota, Huntington West Virginia

Cruise and DoorDash to test food delivery using self-driving cars in San Francisco

Cruise is partnering with DoorDash to pilot food and grocery delivery in San Francisco using self-driving vehicles. The companies announced Thursday that the testing program will begin in early 2019 with an initial focus on the San Francisco market. “Delivery is a significant opportunity for Cruise as we prepare to commercialize our autonomous vehicle technology and transform transportation,” said Dan Ammann, who became CEO of Cruise late last year. “Partnering with DoorDash will provide u...
Tags: Transportation, San Francisco, Tech, Cruise, Automotive, Automation, Gm, Self-driving Cars, Cto, Doordash, Dan Ammann, Tony Xu, Kyle Vogt, Cruise Automation

DoorDash is going to start using self-driving cars to deliver groceries and takeout

DoorDash is partnering with General Motors' Cruise autonomous-vehicles unit to deliver food and groceries. The test is starting in the San Francisco area, the companies announced on Thursday.  Self-driving cars have been a growing presence in the food and grocery delivery business. Your DoorDash delivery may soon be arriving via self-driving car.  On Thursday, DoorDash announced it is partnering with General Motors' Cruise autonomous-vehicles unit to deliver food and groceries. The program wi...
Tags: Amazon, US, San Francisco, Trends, Cruise, Ford, Starbucks, Coca Cola, Costco, Postmates, Doordash, Scottsdale Arizona, Tony Xu, General Motors Cruise, Nuro

Family hiring travel photographer

If you’re a photographer looking to get paid to travel the world and take pictures, you don’t have to hit it big with a famous magazine. All you have to do is follow this rich family around the world all year and photograph pretty much anything they want. Not that you had any doubts, but the $100,000 salary — in addition to the travel perks — should erase any hesitations. Perfocal, a photographer booking service, was contacted by the family with the unique request. Photo: Perfocal After Per...
Tags: Travel, News, Australia, India, South America, Tony Xu, Family Photographer, Europe North, Perfocal, Personal Photographer, Travel Photographer For Wealthy Family

These are the most successful companies to emerge from Y Combinator

Earlier this month, Brex, a credit card provider to startups, announced it had raised $125 million at a $1.1 billion valuation. The round was impressive for a couple of reasons. 1. The founders are a pair of 22-year-olds that had set out to build a virtual reality company before pivoting to payments. And 2. They had only completed Y Combinator, a well-known Silicon Valley startup accelerator, the year prior. Y Combinator is responsible for many successes in the startup world, certainly more...
Tags: Amazon, Startups, TC, Y Combinator, Drew Houston, Finance, Tech, Economy, Software, Gm, Dropbox, Zenefits, Reddit, Virtual Reality, Silicon Valley, Alexis Ohanian

DoorDash raises another $250M, nearly triples valuation to $4B

Food delivery startup DoorDash announced this afternoon that it has raised $250 million, just five months since the company announced a $535 million round. Why raise more money so soon? CEO Tony Xu told Axios that he wasn’t actively looking for additional investment, but was open to investor interest because it could help the company expand more quickly. (Maybe he’ll have more to say about those plans at Disrupt SF next month.) The new funding was led by Coatue Management and DST Global. It soun...
Tags: Startups, Mobile, Tech, Food Delivery, Doordash, Ihop, Tony Xu, Coatue Management, Axios, Recent Funding

DoorDash Valued at $4 billion After Adding $250M in New Funding

DoorDash has upped its valuation to $4 billion with a new $250 million financing round, five months after it raised $535 million to gain its “unicorn” status.The new $250 million funding round was co-led by Coatue Management and DST Global. CEO Tony Xu told Axios’ Dan Primack that the company hadn’t been actively seeking new financing. Instead, the company is characterizing the new money as a growth round—DoorDash said it has had 250 percent year-over-year growth and expects to operate in more ...
Tags: Google, Amazon, Startups, Uber, Technology, Funding, San Francisco, Trends, Startup, Tech, Walmart, Software, TGT, WMT, Software Development, Sequoia Capital

DoorDash CEO Tony Xu to deliver startup lessons at Disrupt SF

On-demand delivery is painfully difficult. The margins are usually razor thin, each market is wildly different, and the business can be largely dependent on retailers’ willingness to jump into the digital age. But DoorDash, which launched in 2013 out of Y Combinator, has been a dominant force in the space. That’s why we’re absolutely thrilled to have DoorDash CEO Tony Xu join us at Disrupt SF in September. In the five years since it’s launched, DoorDash has expanded to hundreds of markets in ...
Tags: Startups, TC, Ecommerce, Apps, Stanford, Collaborative Consumption, Tech, Walmart, Disrupt, Doordash, Tony Xu, Xu, Disrupt Sf, McKinsey eBay

Announcing the TechCrunch Disrupt SF 2018 Agenda

TechCrunch Disrupt is the world’s biggest and most impactful tech startup conference, and this year, we’re upping the stakes even more. Taking place at Moscone West, Disrupt SF will feature the biggest names in tech, from Reid Hoffman to Kirsten Green to Dara Khosrowshahi. The agenda will have something for everyone. Into transportation tech? We’ll be joined by Cruise’s Kyle Vogt, BMW’s Dieter May, and Uber’s new CEO Dara Khosrowshahi. Want to learn more about AI? Kai-Fu Lee from Sinovation and ...
Tags: Google, Amazon, TC, Uber, Hbo, Softbank, Africa, Tech, General Motors, Adidas, Paypal, Nasa, Netflix, Cruise, United States, Dropbox

DoorDash raises $535M, now valued at $1.4B

 Restaurant delivery service DoorDash is joining the unicorn club with its latest round of funding. The company is announcing that it’s raised $535 million in a Series D round. And while it’s not saying anything about valuation, a source close to DoorDash told us that the new funding values the company at $1.4 billion (post-money). DoorDash had previously raised around $186… Read More
Tags: Startups, TC, Ecommerce, Venture Capital, Doordash, Tony Xu, SoftBank Group

DoorDash acquires delivery and logistics startup Rickshaw

 DoorDash is announcing the acquisition of Rickshaw, a Y Combinator-incubated startup that helps businesses offer same-day delivery by connecting them to a courier network and managing the logistics. DoorDash has been developing a similar platform called Drive, which allows customers to use DoorDash’s network to make deliveries beyond DoorDash’s consumer website and app.… Read More
Tags: Startups, TC, Ecommerce, Tech, Logistics, Rickshaw, Delivery, Doordash, Tony Xu, Divya-bhat

A former banker taught herself how to code and is now a top exec at a $700 million startup

Jessica Lachs lived the Wall Street banker life for years, including stints in Hong Kong and London working for  Lehman Brothers. Then the 2008 financial crisis struck and Lehman Brothers collapsed.  Lachs left Wall Street to get an MBA, hoping that some magical moment would strike where she would know what else to do with her life.  "I thought that I’d be sitting in a class and just have this moment of inspiration and I’d be like 'This is it! This is my passion! This is what I want to do!'" La...
Tags: Hong Kong, New York, London, Stanford, Boston, Los Angeles, Trends, Earth, Palo Alto, University of Pennsylvania, Lehman Brothers, Wharton School, Tony Xu, Lach, GrubHub, Jessica Lachs

Bullish: The future of food on demand

 This week on Bullish, I sat down with DoorDash CEO Tony Xu to talk about the future of on-demand food delivery. In January, DoorDash teamed up with Starship Technologies to test food delivery via robots. On this episode of Bullish, Xu and I discussed the evolution of the on-demand space,  challenges to profitability, predictions for the future and autonomous delivery. “I think… Read More
Tags: Startups, TC, Food Delivery, Bullish, Starship Technologies, Tony Xu, Bullish Xu

Freshly Gets $21M More on Its Plate for Tech Hires, National Expansion

Amid some of the commotion in the food tech sector, on Tuesday New York-based Freshly, a meal delivery startup, announced it raised $21 million in a Series B round led by Insight Venture Partners. Prior investors, including Highland Capital Partners and White Star Capital, also participated. The infusion of funding will go towards some of the plans Freshly CEO and co-founder Michael Wystrach spoke about in April with Xconomy. Moreover, he says this deal may ease some of the scrutiny laid of...
Tags: Deals, Startups, Uber, Y Combinator, New York, Beyonce, Boston, Berlin, US, Trends, Rome, Blue Apron, Delivery Hero, Berkeley, Plated, Startupbootcamp

Food delivery is a 'winner takes most' market, but this startup CEO isn't afraid of Amazon

If you live in San Francisco, there are at least seven food delivery apps you can order from. Most of them, though, feature the same restaurants and the same dishes for close to the same prices.  Most of those companies won't last, argues DoorDash CEO Tony Xu. "I think it’s a winner takes most market. I think customers outside of Silicon Valley are not comfortable with downloading so many apps to perform a similar function," Xu told Business Insider.  Doordash is in a tough spot. The oldest c...
Tags: Amazon, San Francisco, Trends, Silicon Valley, Morgan Stanley, Tony Xu, Xu, GrubHub

The Silicon Valley 100: From A to Z

There's a misconception that Silicon Valley is all about creating frivolous apps and getting paid buckets of money to do it while working in a frat house. Some of the brogrammer culture does exist in pockets, but it doesn't define the cradle of innovation where thousands work and create in Silicon Valley. Instead, after months of research and debate, Business Insider is proud to present the Silicon Valley 100, our annual list of the people who matter most and define what it means to be in Silico...
Tags: Google, Facebook, Mark Zuckerberg, Ali Rowghani, Microsoft, Dick Costolo, Trends, Siri, Cisco, Paypal, Intel, Larry Page, Shervin Pishevar, David Marcus, Tim Cook, Reid Hoffman

The Silicon Valley 100: Ranked 1 to 100

There's a misconception that Silicon Valley is all about creating frivolous apps and getting paid buckets of money to do it while working in a frat house. Some of the brogrammer culture does exist in pockets, but it doesn't define the cradle of innovation where thousands work and create in Silicon Valley. Instead, after months of research and debate, Business Insider is proud to present the Silicon Valley 100, our annual list of the people who matter most and define what it means to be in S...
Tags: Apple, Google, Facebook, Mark Zuckerberg, Ali Rowghani, Spacex, Microsoft, Yahoo, Okta, Dick Costolo, Trends, Siri, Cisco, Paypal, Intel, Netflix

DoorDash, going beyond food delivery, will soon bring you alcohol

 DoorDash started off as a restaurant delivery company — but, like many on-demand delivery companies, its ambitions are certainly much higher than that. And it’s making one step beyond food delivery today by adding the ability to purchase alcohol through DoorDash. While DoorDash may have already delivered food from breweries or restaurants that offer paired food, it still… Read More
Tags: Startups, TC, Mobile, Apps, Tech, Doordash, Tony Xu