The VC and founder winners of DoorDash’s IPO

By | November 13, 2020

After years of rumors and high-flying headlines, we lastly have the S-1 for DoorDash. Alex has covered the primary details, however I figured it might be good to dive in so we will see who’s raking within the returns on the nation’s supply startup champion.

DoorDash’s submitting signifies that the corporate raised a mixed $2.485 billion in capital throughout a seed spherical and eight rounds Collection A-H. The three VC corporations with the biggest holdings famous within the submitting have been the SoftBank Imaginative and prescient Fund, Sequoia and Singapore’s GIC funding fund, listed right here as Greenview (no relation to the hashish fund of the identical identify that was charged with fraud a few years ago).

DoorDash’s most up-to-date per share valuation was $45.91 for the Collection H again in June. Shares bought by traders over your complete lifetime of the corporate had a median worth of $8.73.

We’ll dive into the VCs and who gained right here in a second, however first, I wish to focus on the founders and their possession stakes. Co-founder and CEO Tony Xu at present owns 5.2% of DoorDash, in line with the submitting, which doesn’t embrace any future efficiency incentives. Co-founders Andy Fang, who’s CTO, and chief product officer Stanley Tang each personal 4.7% of the corporate. A fourth co-founder, Evan Moore, previously head of operations at DoorDash and now a companion at DoorDash’s seed investor Khosla, doesn’t have his possession listed as he’s not an energetic govt with the corporate.

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