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The Importance of Remote Work
COVID is a company that lets people order food for delivery and deliver it to their doorstep. The service has become so popular, some merchants are selling all of their sales through delivery. To get around this problem, the company slashed everyone's commission by 50% across the board.
This Week in Startups is presented by:
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Squarespace. Turn your idea into a new website! Go to Squarespace.com/TWIST for a free trial. When you’re ready to launch, use offer code TWIST to save 10% off your first purchase of a website or domain.
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Today’s show:
The contents of this episode were recorded live at LAUNCH Angel Summit in Napa.
DoorDash Chief Product Officer and Co-Founder Stanley Tang joined Jason live on stage at Angel Summit to discuss DoorDash’s founding story, avoiding ZIRP distractions, and the cloud kitchen movement (1:23).
Then, Jason sits down with Kelli Fontaine of Cendana Capital, Sophia Amoruso of Trust Fund, and Paige Doherty of Behind Genius Ventures to chat about becoming and investing in first-time fund managers (36:49).
Follow Stanley: https://twitter.com/stanleytang
Check Out DoorDash: https://www.doordash.com/
Follow Kelli: https://twitter.com/kells_bells
Check Out Cendana Capital: https://www.cendanacapital.com/
Follow Paige: https://twitter.com/paigefinnn
Check Out Behind Genius Ventures: https://www.behindgeniusventures.com/
Follow Sophia: https://twitter.com/sophiaamoruso
Check Out Trust Fund: https://www.trustfund.vc/
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Time stamps:
(0:00) Nick kicks off the show
(1:23) DoorDash’s founding story with Stanley Tang
(11:06) Embroker - Use code TWIST to get an extra 10% off insurance at https://Embroker.com/twist
(12:20) The Palo Alto delivery experiemnt
(16:07) DoorDash’s first delivery
(18:21) The era of excess
(23:00) LinkedIn Marketing - Get a $100 LinkedIn ad credit at https://linkedin.com/thisweekinstartups
(24:23) Avoiding ZIRP distractions
(26:44) Navigating through the pandemic
(30:59) The Cloud Kitchen movement
(35:31) Squarespace - Use offer code TWIST to save 10% off your first purchase of a website or domain at https://Squarespace.com/TWIST
(36:49) Defining a fund of funds and selecting managers with Kelli Fontaine of Cendana Capital
(44:00) Raising a private fund with Paige Doherty of Behind Genius Ventures
(48:14) The origin story of Trust Fund with Sophia Amoruso
(53:42) The prevalence of startup funds
(59:35) Advice for first-time fund managers and having the ability to say no
(1:04:36) Running a small fund in a sustainable matter
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Read LAUNCH Fund 4 Deal Memo & Apply for Funding
Great recent interviews: Brian Chesky, Aaron Levie, Sophia Amoruso, Reid Hoffman, Frank Slootman, Billy McFarland, PrayingForExits, Jenny Lefcourt
Check out Jason’s suite of newsletters: https://substack.com/@calacanis
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Follow Jason:
Twitter: https://twitter.com/jason
Instagram: https://www.instagram.com/jason
LinkedIn: https://www.linkedin.com/in/jasoncalacanis
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Follow TWiST:
Substack: https://twistartups.substack.com
Twitter: https://twitter.com/TWiStartups
YouTube: https://www.youtube.com/thisweekin
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Subscribe to the Founder University Podcast: https://www.founder.university/podcast
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Listen to the best highlights from the podcasts you love and dive into the full episode