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[1] [7] Initially, he and other DoorDash employees completed food deliveries. [5] Xu continues to be CEO, and owns an approximately five percent stake in the company. DoorDash's initial public offering in 2020, which Xu has been credited for leading, [12] made him a billionaire at the age of 36.
Dec 11, 2020 · Tony Xu also tweeted in honor of DoorDash’s IPO, announcing that the first investment from the company’s debut will go to merchants and dashers. Xu announced last month that DoorDash would invest $200 million in local businesses as part of its Main Street Strong initiative.
Dec 7, 2021 · The crowded field is evidence enough. Before Xu and fellow Stanford alumni Andy Fang and Stanley Tang, along with Evan Moore, created the DoorDash predecessor Palo Alto Delivery in January 2013, the on-demand delivery space was already cluttered with competitors like Seamless, GrubHub and Postmates.
Tony Xu cofounded restaurant delivery service DoorDash in 2013 and became a billionaire after its 2020 IPO. He owns 4.6% plus options. Cofounders Andy Fang and Stanley Tang, who Xu met while...
Nov 12, 2018 · In 2013, Tony Xu was brainstorming ideas for a business school project when he identified a problem he wanted to solve: food delivery. For most restaurants, it was too costly and...
Tony Xu, MBA ’13, says that immigrating from China at the age of five and moving around as a young kid taught him one of the keys to success — how to adapt to new environments. Influenced by his entrepreneurial and hardworking parents, Xu started DoorDash in his apartment while attending Stanford Graduate School of Business.
Mar 8, 2021 · Mar 8 , 2021. Tony Xu, DoorDash’s CEO, came from humble beginnings – and it’s helped shape the company’s philosophy. Photo: DoorDash. Tony Xu found life tough as a Chinese immigrant in the...
