140: Explosive Startup Growth with Andy Fang of Doordash

The Foundr Podcast with Nathan Chan

Nathan Chan

Marketing, Business, Entrepreneurship

4.8 • 662 Ratings

🗓️ 3 April 2017

⏱️ 38 minutes

🔗️ Recording | iTunes | RSS

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Summary

If it seems like entrepreneurs are getting younger every year, it's because they are. More millennials are turning toward entrepreneurship as a fulfilling career choice, passing on the traditional route of finding employment with some company. As the co-founder of DoorDash, Andy Fang is no different, part of the new school of entrepreneurs getting into the startup world while still in college. In 2013, Fang and his three co-founders were still students in Stanford when they had an idea—to create an on-demand delivery service in their area for restaurants that didn't have their own. It wasn't long after that DoorDash found itself backed by Y Combinator, and has since expanded to several major cities within the US and Canada, recently raising $127 million in funding. Not bad for a student entrepreneur who was once the only delivery driver the company had. DoorDash is but one of many startups in an ever-growing food delivery market. In order to stay one step ahead of the competition at all times, Fang has had to learn how to adapt quickly to challenges thrown his way, and how to prioritize growth at all times. In this week's episode you'll learn: How to put together a team of co-founders based on mutual trust and respect The key to adapting quickly and executing even faster Why it's so important to have a clear vision and the guts to stick to it The logistics behind running a food-based startup Challenges and solutions when it comes to expanding and entering new markets & much more!

Transcript

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0:00.0	This is episode number 140 with Andy Fang of the Founder Podcast.
0:07.1	What you need is thirst.
0:08.9	You need to be a thirsty human who is intent on learning.
0:12.9	It's a really fascinating exploration of human potential.
0:18.6	The Founder Podcast.
0:21.8	Even the greatest entrepreneurs had help.
0:24.7	If you want to learn from the most successful founders on the planet, you are in the right place.
0:30.4	Branson, Mark Cuban, Tony Robbins, Tim Ferriss, Arianna Humphington, Steve Case, Gary V, Sophia Amorosa, Barbara Corcoran, Damon John.
0:37.4	Learn from the greatest minds in business today with interviews hosted by Nathan Chan.
0:42.0	This is not your average entrepreneur podcast.
0:45.6	The Founder Podcast.
0:52.7	Hey guys, thank you so much for tuning in. Before we start today's episode, I just want to let
0:58.8	you know that our goal at founder is to help entrepreneurs succeed however we can by giving
1:04.5	away high quality content in the form of interviews, blog posts, podcasts, YouTube videos,
1:10.6	you name it. We put out so much content to help you.
1:13.8	And another interesting project that we're working on right now is partnering with world-class
1:18.6	founders like Damon John, Alexa von Tobel, Greta Van Riel, and so many more to teach crucial skills
1:25.2	like negotiation, finance, e-commerce, and so much more.
1:30.9	So if you'd like to get access to these free trainings with founders like this, which is 100%
1:37.1	free, just go to founder.com forward slash free.
1:41.1	Okay, so now let's talk about today's episode.
1:44.6	Hello and welcome to another episode of the founder podcast. Okay, so now let's talk about today's episode. Hello and welcome to another episode of the founder podcast. I am your host, Nathan Chan,
	...

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