@@FlavorOfTheMonthChannel They are lying through their teeth. The only thing that made them successful is the money their parents had to send them to a school with that kind of recognition. 100 interviews = walked into a restaurant and asked the manager what they thought about a delivery service divide by 4 of them that's 25 stores. You can get that done in a single day. Their routing algorithms? Non-existent. They have a button the driver hits and it opens google maps, that's their navigation. The algorithm is just customer orders > find driver in closest radius to store > offer order to driver. I know people who were running food delivery services in the 2000s. You can complain all you want. Even if you interviewed 100 SMBs and identified a common problem you can solve. You would not get funding unless you come from a privileged background.
I had this same idea at 13 years old. I was about to list my phone number on craigslist and deliver to people in my town, but obviously couldn't drive. Making an app that is extremely obvious doesn't make you smart js. Its honestly a travesty that singular massive tech corporations dominate local economies and suck them dry. Imagine if that small town and restaurant actually got to keep the money that doordash/instacart/uber sucks away for random venture capitalism.
@@davidlynch7704 Your argument makes no sense. By this logic every profitable tech company in the world is "random venture capitalism". The company doesnt "suck them dry" It does the opposite. It provides the distribution that small businesses cant afford to help them sell more stuff while keeping themselves profitable. If every restaurant had the staff size and cars to deliver to an unlimited number of people then doordash wouldnt exist. The service doesnt take away anything from anyone, duh.
@@abab-ge2tu I’m not suggesting they are the greatest or that their presentation is good. I’m suggesting the way they went about starting the start-up is the the quintessential pattern for success, as they described in the app video.
Completely agree with you... each had tech backgrounds, met at stanford b school, conducted consumer research in the field with a common mission in mind, identified a problem, hacked together a simple solution to gauge viability, iterated their mvp, applied to yc and got accepted, raised external funding round, etc...
@@ibrand23 so basically just get into one of the highest regarded universities in the world, be apart of previous highly successful startups, make millions from that previous job and then collaborate with some other guys who also managed to make those previous steps happen.... easy right?
All coming from prestigious backgrounds in CS and top tech companies on their resumes... it was as if this was just the next step in their careers. Sometimes i think about leaving Utah and being a homeless developer in San Francisco just to test my luck at a startup. The reality is that unicorns are far and few between, but you never know if you never try.
Ya, its all depends on the opportunity your in. VCs saw stanford, and gave them a shot to pitch. If it were a non prestigious school, they would not bat an eye
From stealing their drivers' tips lol. Part of me dreams about the possibility of a solar flare shutting down our electrical grid just so people like these will get the rude awakening they so greatly deserve. But, I'm also addicted to the internet so I'm in between a rock and a hard place.
@@khaldrogo9451 umm yeah look it up, they steal their drivers' tips...the part about the solar flare was just a joke although there is a possibility that a solar flare will shut down our electrical grids in the next 100 years...you can look that up too.
@@hyperone3232 umm yeah look it up, they steal their drivers' tips...the part about the solar flare was just a joke although there is a possibility that a solar flare will shut down our electrical grids in the next 100 years...you can look that up too.
I came up with this idea when I was 5 years old in 2005. I told my parents about a service that delivers food for restaurants that don’t deliver. In my head I remember imagining somebody going through the drive through for you and then bringing it to your house 😂
The thing is, ideas like this seem so obvious in hindsight. Smartphones had truly become an extension of their owners by this point. Why had no one before thought of Doordash? A lot of billion-dollar ideas are the ones that are so simple, no one else would have tried to actually do it. I’m sure many had proposed something similar before but were met with higher-ups telling them “why would anyone need that?”
The way people consume and order food has changed. People eat out waaay more in the last 10 years than the 10 before. People would probably think "why should I pay $15 to have food delivered to me when I could get it myself in 10 minutes" where now everyone's willing to spend extra money for the convenience of not having to get up. This is also why companies that deliver premade meals to people have taken off where that was only able to be a small-scale service for rich people before.
plenty of companies started delivering food around the same time. they were not the only one. dozens of startups like this, most were bought out or went bankrupt
@@ashvio Also other countries in east asia had already implemented this idea way before 2013 so the concept of doordash is not anything new. I think whats genius is they made it work in a huge country like America
I lived in Shanghai from in 2010 and “Sherpas” (a service like DoorDash) was already a fully functioning business. I wish I had brought “Sherpas” to the States!
@@Tommmmmmmmmmmm Initially they targeted different markets, but as they expanded and the industry got more competitive, they are more or less the same. It's like Uber vs Lyft
If you had seen this video back then all of you would have rejected the idea. “What is this low quality video? Who are these goobers? Nah, this won’t work, just another one for the trash bin” It’s only because this idea ended up working that now you perceive this video as being awesome.
Just have the introduction they had - Graduate Stanford and work at known startups in a product role - and get in to YC and get the big bucks. I'm kidding (not really), but their story is really compelling and warranted their success. Biggest point for anyone looking to get into YC and obtain funding - have the technical background (at least someone on your founding team), check your assumption of what product to build by talking to your end-user and listening to the problems that trend, build a minimal solution for your users, get some traction and expand by applying to YC and reaching out to investors.
"we found there were loads of delivery drivers with lots of spare time who want more work.. So the four of us actually just started working as delivery drivers.."
To everyone watching this, yes these guys do have super impressive backgrounds and it no doubt helped them get to where they wanted to go faster, but ask yourself how many of those customers cared about what degree or prestigious company they had previously worked out, and you'll see what really made the difference for them were decisions they made that anyone can make too.
Was DoorDash profitable in 2022? DoorDash is not profitable as its net losses amounted to over $1.3 billion in 2022, compared to $468 million in net losses in 2021.Jun 7, 2023. What is keeping this company in business?
Why is it that most successful businesses are from a hand full of prestige schools?? They either are a large magnitude smarter than other ambitious people, or their given more of an opportunity
The irony of this pitch, restaurant owners hate delivery apps because they charge massive fees, but if they don't use them they don't get nearly as much business
oh, so wholesome! i wonder what they will do with the billions they have made paying drivers $2 a delivery abd subsidizing pay onto customers. really wholesome stuff!
While cool as it is, the company really had not developed or invested in becoming better as of now in 2020 there is a lot of crashes, a lot of angry customers calling us drivers and also local business for "getting the order wrong" even tho the app tells them what the customer order and so on.
And now this company charges absolutely exorbitant fees, passes off the high costs to resturants, and pays the driver 2.50 to drive 10 miles, expecting the customer to provide most of the dashers income through tips.
Guys I just hear that some guy from Harvard created a new website "TheFacebook". I don't know about him and this website, anybody already used this thing?
Just Eat, Skip the Dishes, Grub Hub were already doing this before these guys. These guys got the backing of silicon valley to get the business which was proven to lose money in the past with other examples already on the market but lots of funding and the luck of covid is what got them to this place.
i have a feeling this idea will take off
Nah I just don’t see it
They went bankrupt
It already did
@@zukk1838 let me redirect you to r/whoosh bud
Not because of the idea but because they'll get fund and the support of top notch entrepreneurs all across the world.
So simple. So effective. The power of great minds thinking together appeared to be exponentially better than one person working alone on a pitch.
but how did their idea succeed when there were already many other big companies doing the same thing? (Uber Eats, GrubHub, Menulog)
This is NOT GREAT MINDS. THIS IS COPYING....UBER'S business model. That's it. That's all. LIKE ARE YOU THAT DUMB that you don't see that?!!!
They did the work. 100 SMBs interviewed.
It reminds me not to complain til I've done at least this much.
Tons of work + Skills + Market Timing + Risk. This was an ambitious problem with 4 smart and driven individuals, no doubt. Very impressive!
@@FlavorOfTheMonthChannel They are lying through their teeth. The only thing that made them successful is the money their parents had to send them to a school with that kind of recognition. 100 interviews = walked into a restaurant and asked the manager what they thought about a delivery service divide by 4 of them that's 25 stores. You can get that done in a single day. Their routing algorithms? Non-existent. They have a button the driver hits and it opens google maps, that's their navigation. The algorithm is just customer orders > find driver in closest radius to store > offer order to driver. I know people who were running food delivery services in the 2000s. You can complain all you want. Even if you interviewed 100 SMBs and identified a common problem you can solve. You would not get funding unless you come from a privileged background.
@@underscore6071 I've never heard so much truth in my life
This video makes me feel extra stupid today
Hindsight is 2020
I had this same idea at 13 years old. I was about to list my phone number on craigslist and deliver to people in my town, but obviously couldn't drive. Making an app that is extremely obvious doesn't make you smart js. Its honestly a travesty that singular massive tech corporations dominate local economies and suck them dry. Imagine if that small town and restaurant actually got to keep the money that doordash/instacart/uber sucks away for random venture capitalism.
@@davidlynch7704 Your argument makes no sense. By this logic every profitable tech company in the world is "random venture capitalism". The company doesnt "suck them dry" It does the opposite. It provides the distribution that small businesses cant afford to help them sell more stuff while keeping themselves profitable. If every restaurant had the staff size and cars to deliver to an unlimited number of people then doordash wouldnt exist. The service doesnt take away anything from anyone, duh.
@@davidlynch7704 have no excuses my man , either you did execute on your idea and FOUND a solution or you didn't , no excuses
Oh lol
These guys are smart, they should start a tech company or something
lol
@Matt C r/woosh
@Matt C u missed the joke
@Matt C /r/whooosh, silly boomer
they shouldn't it would be too predictable
YC like a proud father right now
proud and rich* father ..i bet they took some equity i think it's around 10% equity for all YC incubated start ups
@@aliasone9827 Depends on dilution through the rounds but yep I’m sure they’re not struggling for a buck or two...
yeahh.
This has to be the quintessential way to start a start-up.
@@abab-ge2tu I’m not suggesting they are the greatest or that their presentation is good. I’m suggesting the way they went about starting the start-up is the the quintessential pattern for success, as they described in the app video.
@@ibrand23 look up talabat.com. Launched in the middle east a decade and a half ago. Did just about the same thing as doordash
Completely agree with you... each had tech backgrounds, met at stanford b school, conducted consumer research in the field with a common mission in mind, identified a problem, hacked together a simple solution to gauge viability, iterated their mvp, applied to yc and got accepted, raised external funding round, etc...
@@abab-ge2tu it effectively serves an unmet need...whether or not it’s the best is superfluous - go build something yourself.
@@ibrand23 so basically just get into one of the highest regarded universities in the world, be apart of previous highly successful startups, make millions from that previous job and then collaborate with some other guys who also managed to make those previous steps happen.... easy right?
Congratulations to all you young boys for doing such a remarkable job.
Awesome story, congrats to these guys for putting in the work and achieving their tech entrepreneur dreams! 🍔
2013 to 2020...long way and great growth trajectory. Kudos
anyone can do that if they steal TIPS from delivery drivers.
@@raja_hustle4347 well! they did it and struck big
I built a store for second hand clothes during pandemic. Have had 8 sales so far.
Good
Keep it up
Keep going!
please record a video NOW
@@glenlu5832 do you think?
I built an Esty store to sell my anime design keychains 3 weeks ago. Now I have over 7K revenue. Fun hobby!
All coming from prestigious backgrounds in CS and top tech companies on their resumes... it was as if this was just the next step in their careers. Sometimes i think about leaving Utah and being a homeless developer in San Francisco just to test my luck at a startup. The reality is that unicorns are far and few between, but you never know if you never try.
Follow your dreams.
Ya, its all depends on the opportunity your in. VCs saw stanford, and gave them a shot to pitch. If it were a non prestigious school, they would not bat an eye
@@photon2724 because college is already a vetting tool
I don't know whether I'm inspired or intimidated
Same ^^
Both
On point 😂
This video is going to be watched and taken inspiration by so much of the future youth
And now they're all very, very rich.
From stealing their drivers' tips lol. Part of me dreams about the possibility of a solar flare shutting down our electrical grid just so people like these will get the rude awakening they so greatly deserve. But, I'm also addicted to the internet so I'm in between a rock and a hard place.
@@tomorrowilearned8471 ru ok?
Tomorrow I Learned you good?
@@khaldrogo9451 umm yeah look it up, they steal their drivers' tips...the part about the solar flare was just a joke although there is a possibility that a solar flare will shut down our electrical grids in the next 100 years...you can look that up too.
@@hyperone3232 umm yeah look it up, they steal their drivers' tips...the part about the solar flare was just a joke although there is a possibility that a solar flare will shut down our electrical grids in the next 100 years...you can look that up too.
I came up with this idea when I was 5 years old in 2005. I told my parents about a service that delivers food for restaurants that don’t deliver. In my head I remember imagining somebody going through the drive through for you and then bringing it to your house 😂
I wonder how many of these YC keeps around / if they have a massive library of every company ever funded saved.
Guys this video is from 2014, this startup is valued at $60 billion today
Around 30 billion now
Congrats 🎊 to Tony and other guys one day I’ll be there!
Just ordered from DoorDash and got this in my recommended. Shout out to these guys for my burrito!
The thing is, ideas like this seem so obvious in hindsight. Smartphones had truly become an extension of their owners by this point. Why had no one before thought of Doordash? A lot of billion-dollar ideas are the ones that are so simple, no one else would have tried to actually do it. I’m sure many had proposed something similar before but were met with higher-ups telling them “why would anyone need that?”
The way people consume and order food has changed. People eat out waaay more in the last 10 years than the 10 before. People would probably think "why should I pay $15 to have food delivered to me when I could get it myself in 10 minutes" where now everyone's willing to spend extra money for the convenience of not having to get up.
This is also why companies that deliver premade meals to people have taken off where that was only able to be a small-scale service for rich people before.
ideas are easy
yeah, ideas are usually easy, it's the implementation that's usually hard.
plenty of companies started delivering food around the same time. they were not the only one. dozens of startups like this, most were bought out or went bankrupt
@@ashvio Also other countries in east asia had already implemented this idea way before 2013 so the concept of doordash is not anything new. I think whats genius is they made it work in a huge country like America
I lived in Shanghai from in 2010 and “Sherpas” (a service like DoorDash) was already a fully functioning business. I wish I had brought “Sherpas” to the States!
GrubHub was actually fully functional in 2010 in the states. I remember using it in college
@@mcgremi5769 how’s GrubHub any different to DoorDash?
@@Tommmmmmmmmmmm Initially they targeted different markets, but as they expanded and the industry got more competitive, they are more or less the same. It's like Uber vs Lyft
It’s never about the idea - always about the execution
If you had seen this video back then all of you would have rejected the idea. “What is this low quality video? Who are these goobers? Nah, this won’t work, just another one for the trash bin”
It’s only because this idea ended up working that now you perceive this video as being awesome.
this sounds like a good idea they should have followed through
This video is a gem. Thanks for sharing.
Crazy they delivered for there own company in the beginning and now look at them there stock went up 80$ opening day almost double
Great guys. Keep going.
Sad day when Doordash arrives faster than the police.
Just have the introduction they had - Graduate Stanford and work at known startups in a product role - and get in to YC and get the big bucks.
I'm kidding (not really), but their story is really compelling and warranted their success.
Biggest point for anyone looking to get into YC and obtain funding - have the technical background (at least someone on your founding team), check your assumption of what product to build by talking to your end-user and listening to the problems that trend, build a minimal solution for your users, get some traction and expand by applying to YC and reaching out to investors.
Yes boss 👍🏾
What warranted their success was that they built something and got over 150 paying customers on their first month
@@danielbolivar9134 yes exactly
All big things start small.
I've a feel that guys cookup stories to make it sound interesting
I hope all doordash staff wud kindly remind restaurants whose job it is to fill n seal cups. The restaurants', if u were wondering.
Easier said than done. Respect!
Our business plan is to steal tips from drivers. 😂😂😂😂
Spoken like a true commie
and steal grub hub, skip the dishes and just eats idea which existed before them but just get alot of funding to pay for the losses.
😂@@theclap6385
This video will appear randomly on my feed after 7 years.
"we found there were loads of delivery drivers with lots of spare time who want more work..
So the four of us actually just started working as delivery drivers.."
just from watching this you know they were going to succeed
A decade later, the business is yet to be profitable.
I’m Here before this blows up
I want to see more such videos.
Thanks Tony for the $3!
Lol
I wish my got a few of friend like them in my young days
I don’t know about you guys but this idea looks promising
Nope it doesn’t , they have never made a profit and will never make one
By “drivers” they meant themselves and their friends
Would’ve never taken off if it started out with a $2 base pay.
Evan must be punching the air rn for leaving DoorDash early. I hope he still made a great chunk or change tho. Best of luck to him
They recently IPO’ed too. Incredible
Congratulations guys for getting in 🙌🏻
DoorDash is junk. Going straight to $0. Hidden fees, stealing tips, turning customers against drivers. Lock these guys up.
The time i am writing this comment doordash valued at $32.59 Billion dollars. Congrats guys.
To everyone watching this, yes these guys do have super impressive backgrounds and it no doubt helped them get to where they wanted to go faster, but ask yourself how many of those customers cared about what degree or prestigious company they had previously worked out, and you'll see what really made the difference for them were decisions they made that anyone can make too.
All these comments glazing this company has literally never had a profitable quarter
Great. Good luck, guys!
so these are the mfers who made my restaurant job miserable
Those geeks just made a $72 BILLION company!
Was DoorDash profitable in 2022?
DoorDash is not profitable as its net losses amounted to over $1.3 billion in 2022, compared to $468 million in net losses in 2021.Jun 7, 2023. What is keeping this company in business?
People use it, so they hope it will become profitable in the future
And now Stanley Tang is a high stakes poker player at some of the largest cash games in LA lol
Congratulations! 🎉
I don’t understand how they took off when Postmates was founded first
These guys are nuts. Why would
Anyone drive for a fee and no gas money
And yet, Doordash has never made one cent of profit and has no profitability in the forseeable future.
This is beautiful.
Why is it that most successful businesses are from a hand full of prestige schools?? They either are a large magnitude smarter than other ambitious people, or their given more of an opportunity
It's easier to network and get the money required to build businesses coming from an Ivy League school
Absolutely love seeing this
Avvo Jahova Sie Tiea Trish Antheny Bims, Witnes Pre Era Prespetirian Pagan Paligimest. Amen (Not to take it Personal)
this is incredible.
so how are they any different to Uber Eats, Menulog, Deliveroo and like a million other apps that do the same thing?
This video was recorded in 2013 before UberEats, Deliveroo, etc were a thing.
The irony of this pitch, restaurant owners hate delivery apps because they charge massive fees, but if they don't use them they don't get nearly as much business
i see potential
Hey kinda like that one company. Whats it called? Scat dash or something?
woooooow great minds - ends with food delivery to rich people.
In this world, you have to work with rich people to be rich. It sucks, but this isn't heaven.
They started off has delivery drivers... Yes they deserve it.
They successfully built a company which lost $1.4 billion last year
All of them became billionares
Well done boys. Great pedigrees as well.
oh, so wholesome! i wonder what they will do with the billions they have made paying drivers $2 a delivery abd subsidizing pay onto customers. really wholesome stuff!
These geeks should start a company called dashdoors
Success starts small 😁👍
I mean, it's fucking perfect! Team ✅ problem✅ solution ✅ traction ✅
So important.
Well this will clearly never be mass adopted!
Just ended my dash like 30 mins ago
While cool as it is, the company really had not developed or invested in becoming better as of now in 2020 there is a lot of crashes, a lot of angry customers calling us drivers and also local business for "getting the order wrong" even tho the app tells them what the customer order and so on.
150 paying customers = $10,000 😳 avg $66.66 per order! 🤣🤣
So you are saying everyone is allowed to order once, lol
Order 66 coming right up!
Hope you guys get in /s
Amazing!
I just don't think they have what it takes. YC should reject them
...and then proceeded to steal tips from their own employees years later. These are the faces of thieves.
Now Stanley is a casino star
Why are they all wearing the same hoodie?
I have a great feel this dude will become a billionaire
Stanford... Facebook....
The technical background needed for great success. Yeah, I don't have that Lol
This is like Zomato and swiggy
And now this company charges absolutely exorbitant fees, passes off the high costs to resturants, and pays the driver 2.50 to drive 10 miles, expecting the customer to provide most of the dashers income through tips.
and now doordash has a market cap of 29billion.
Guys I just hear that some guy from Harvard created a new website "TheFacebook". I don't know about him and this website, anybody already used this thing?
These guys are billionaires now.
Bravo 👏
Excellent
Does anyone know how they got 100 interviews with business owners?
They look like the most stereotypical Millennial Silicon Valley tech founders.
Just Eat, Skip the Dishes, Grub Hub were already doing this before these guys. These guys got the backing of silicon valley to get the business which was proven to lose money in the past with other examples already on the market but lots of funding and the luck of covid is what got them to this place.
Food delivery was already a thing in Asia, it was mainly an execution game and DoorDash won that front