After years of rumors and high-flying headlines, we lastly have the S-1 for DoorDash. Alex has coated the first particulars, however I figured it could be good to dive in so we are able to 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 Series A-H. The three VC corporations with the most important holdings famous within the submitting had been the SoftBank Vision 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 couple of years in the past).
DoorDash’s most up-to-date per share valuation was $45.91 for the Series H again in June. Shares bought by buyers over your complete lifetime of the corporate had a mean worth of $8.73.
DoorDash information to go public
We’ll dive into the VCs and who received right here in a second, however first, I wish to talk about the founders and their possession stakes. Co-founder and CEO Tony Xu at present owns 5.2% of DoorDash, in accordance 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 accomplice at DoorDash’s seed investor Khosla, doesn’t have his possession listed, as he’s now not an energetic govt with the corporate.