DoorDash raises $535M, now valued at $1.4B
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DoorDash raises $535M, now valued at $1.4B
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Re: DoorDash raises $535M, now valued at $1.4B
#2Wow that's a lot of dilution for a late stage round. I feel bad for the employees that suddenly have their equity cut by 60%. If I'm doing my math right, ($865 MM pre-money) then it means even with the higher valuation preferred price goes down
Re: DoorDash raises $535M, now valued at $1.4B
#3"Xu said the company became “contribution margin positive” in the last year, which means that it’s profitable on a per-order basis. In fact, DoorDash has become profitable in its earliest markets."
Its funny this is a milestone for a company at this stage. Congrats you aren't losing money on every order!
Re: DoorDash raises $535M, now valued at $1.4B
#4This is purely anecdotal, but I've never had a good experience with this service. But I have some friends that are so lazy they don't care if it takes 2 hours for the food to arrive, so that works in their favor.
Re: DoorDash raises $535M, now valued at $1.4B
#5"Xu said the company became “contribution margin positive” in the last year, which means that it’s profitable on a per-order basis. In fact, DoorDash has become profitable in its earliest markets." Its funny this is a milestone for a company at this stage. Congrats you aren't losing money on every order!
Creative accounting at its finest.
Company is either GAAP profitable, pro-forma profitable, EBITDA profitable, cashflow profitable, cashflow neutral or money losing. All other metrics are creative accounting that put lipstick on a pig masking money losing status.
DoorDash is money losing.
Re: DoorDash raises $535M, now valued at $1.4B
#6Food delivery has officially become a very frothy market. Is GrubHub/Seamless actually vulnerable? They seemed to be the 800 lb gorilla of the market. And based on my observation, the competition seems to be private labelled delivery service.
Re: DoorDash raises $535M, now valued at $1.4B
#7[deleted]
Re: DoorDash raises $535M, now valued at $1.4B
#8I'm surprised I've never heard of them before. Are they doing the same thing as Uber Eats, Postmates, Eat24, GrubHub, Amazon Restaurants, etc? That seems like a really tough market to succeed in. How is so much money being funneled into it?
Re: DoorDash raises $535M, now valued at $1.4B
#9Food delivery has officially become a very frothy market. Is GrubHub/Seamless actually vulnerable? They seemed to be the 800 lb gorilla of the market. And based on my observation, the competition seems to be private labelled delivery service.
They're all pretty much mediocre. GrubHub especially I avoid after having several orders simply disappear without warning. Waiting an hour only to check by calling up the place and finding out they never got the order is frustrating. Twice and I was done, I just call now for delivery.
Re: DoorDash raises $535M, now valued at $1.4B
#10Wow that's a lot of dilution for a late stage round. I feel bad for the employees that suddenly have their equity cut by 60%. If I'm doing my math right, ($865 MM pre-money) then it means even with the higher valuation preferred price goes down
Do you mind sharing the math? Isn't impossible to know how much the equity is cut by because we don't know how much dilution there was (vs. liquidation)?