Doordash IPO

Sam Francisco is so bad it keeps minting decacorns and billionaires.

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Food delivery app DoorDash is going public, and if all goes according to plan, its CEO, Tony Xu, and two other cofounders will all become billionaires.

Xu is 36.

Xu owns 4.6% of the delivery giant while cofounders Andy Fang, 28, and Stanley Tang, 27, each own 4.2%. A fourth cofounder, Evan Moore, now a partner at Khosla Ventures, is not listed on the filing.

The question need to be asked who gives them this valuation?.

remember consumption is going down but trade deficit increasing. so less of less is produced here.

Market gives them the valuation. I thought it’s obvious?