Category Archives: tony xu

These are the most successful companies to emerge from Y Combinator

Earlier this month, Brex, a credit card provider to startups, announced it had raised $125 million at a $1.1 billion valuation. The round was impressive for a couple of reasons: The founders are a pair of 22-year-olds that had set out to build a virtual reality company before pivoting to payments, and they had only completed Y Combinator, a well-known Silicon Valley startup accelerator, the year prior. Y Combinator is responsible for many successes in the startup world, certainly more than its fellow accelerators, which are all […]

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DoorDash raises another $250M, nearly triples valuation to $4B

Food delivery startup DoorDash announced this afternoon that it has raised $250 million, just five months since the company announced a $535 million round. Why raise more money so soon? CEO Tony Xu told Axios that he wasn’t actively looking for additional investment, but was open to investor interest because it could help the company expand more quickly. (Maybe he’ll have more to say about those plans at Disrupt SF next month.) The new funding was led by Coatue Management and DST Global. It sounds like the terms […]

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DoorDash CEO Tony Xu to deliver startup lessons at Disrupt SF

On-demand delivery is painfully difficult. The margins are usually razor thin, each market is wildly different, and the business can be largely dependent on retailers’ willingness to jump into the digital age. But DoorDash, which launched in 2013 out of Y Combinator, has been a dominant force in the space. That’s why we’re absolutely thrilled to have DoorDash CEO Tony Xu join us at Disrupt SF in September. In the five years since it’s launched, DoorDash has expanded to hundreds of markets in the U.S. The company, […]

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