The Race for Your Dollars
Land of the Giants
00:00
DoorDash's Next Round of Funding
In 2014, Nabil Hyatt saw another Postmates metric that really impressed him. If you had four deliveries from Postmates, you were a long-term user and that's the underpinning of the stability of the business. Hyatt wasn't the only venture capitalist willing to take a risk on a newly revived idea. Alfred Lin of Sequoia Capital was one of DoorDash's earliest supporters. He actually passed when the company first approached him in 2013. But then he caught up with DoorDash CEO Tony Shoe a few months later. His firm led DoorDash's next round of funding, a $17 million investment in 2014.
Transcript
Play full episode
