DoorDash Co-Founder Stanley Tang on founding story, lessons + First-time fund manager panel | E1759
This Week in Startups
Jason Calacanis
4.2 • 1.4K Ratings
🗓️ 9 June 2023
⏱️ 69 minutes
🧾️ Download transcript
Summary
This Week in Startups is presented by:
Embroker. The Embroker Startup Insurance Program helps startups secure the most important types of insurance at a lower cost and with less hassle. Save up to 20% off of traditional insurance today at Embroker.com/twist. While you’re there, get an extra 10% off using offer code TWIST.
LinkedIn Marketing. To redeem a $100 LinkedIn ad credit and launch your first campaign, go to [linkedin.com/thisweekinstartups](http://linkedin.com/thisweekinstartups.)
Squarespace. Turn your idea into a new website! Go to Squarespace.com/TWIST for a free trial. When you’re ready to launch, use offer code TWIST to save 10% off your first purchase of a website or domain.
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Today’s show:
The contents of this episode were recorded live at LAUNCH Angel Summit in Napa.
DoorDash Chief Product Officer and Co-Founder Stanley Tang joined Jason live on stage at Angel Summit to discuss DoorDash’s founding story, avoiding ZIRP distractions, and the cloud kitchen movement (1:23).
Then, Jason sits down with Kelli Fontaine of Cendana Capital, Sophia Amoruso of Trust Fund, and Paige Doherty of Behind Genius Ventures to chat about becoming and investing in first-time fund managers (36:49).
Follow Stanley: https://twitter.com/stanleytang
Check Out DoorDash: https://www.doordash.com/
Follow Kelli: https://twitter.com/kells_bells
Check Out Cendana Capital: https://www.cendanacapital.com/
Follow Paige: https://twitter.com/paigefinnn
Check Out Behind Genius Ventures: https://www.behindgeniusventures.com/
Follow Sophia: https://twitter.com/sophiaamoruso
Check Out Trust Fund: https://www.trustfund.vc/
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Time stamps:
(0:00) Nick kicks off the show
(1:23) DoorDash’s founding story with Stanley Tang
(11:06) Embroker - Use code TWIST to get an extra 10% off insurance at https://Embroker.com/twist
(12:20) The Palo Alto delivery experiemnt
(16:07) DoorDash’s first delivery
(18:21) The era of excess
(23:00) LinkedIn Marketing - Get a $100 LinkedIn ad credit at https://linkedin.com/thisweekinstartups
(24:23) Avoiding ZIRP distractions
(26:44) Navigating through the pandemic
(30:59) The Cloud Kitchen movement
(35:31) Squarespace - Use offer code TWIST to save 10% off your first purchase of a website or domain at https://Squarespace.com/TWIST
(36:49) Defining a fund of funds and selecting managers with Kelli Fontaine of Cendana Capital
(44:00) Raising a private fund with Paige Doherty of Behind Genius Ventures
(48:14) The origin story of Trust Fund with Sophia Amoruso
(53:42) The prevalence of startup funds
(59:35) Advice for first-time fund managers and having the ability to say no
(1:04:36) Running a small fund in a sustainable matter
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Read LAUNCH Fund 4 Deal Memo & Apply for Funding
Great recent interviews: Brian Chesky, Aaron Levie, Sophia Amoruso, Reid Hoffman, Frank Slootman, Billy McFarland, PrayingForExits, Jenny Lefcourt
Check out Jason’s suite of newsletters: https://substack.com/@calacanis
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Follow Jason:
Twitter: https://twitter.com/jason
Instagram: https://www.instagram.com/jason
LinkedIn: https://www.linkedin.com/in/jasoncalacanis
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Follow TWiST:
Substack: https://twistartups.substack.com
Twitter: https://twitter.com/TWiStartups
YouTube: https://www.youtube.com/thisweekin
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Subscribe to the Founder University Podcast: https://www.founder.university/podcast
Transcript
Click on a timestamp to play from that location
| 0:00.0 | On today's episode, we have two amazing talks from Jason's Angel Summit, which he hosted |
| 0:05.7 | earlier this week in Napa Valley. |
| 0:08.1 | First up, DoorDash co-founder Stanley Tang sits down with Jason for a fireside chat. |
| 0:14.0 | He tells DoorDash's amazing founding story, explains how they mostly avoided syrup distractions, |
| 0:20.2 | and more. |
| 0:21.2 | Then, Jason hosts a panel focused on first-time fund managers, with Sophia Emma Russo |
| 0:26.3 | of Trust Fund, Paige Finn Doherty of Behind Genius Ventures, and Kelly Fontaine of |
| 0:32.0 | Sandana Capital. |
| 0:33.8 | Stick with us. |
| 0:35.5 | This week in Startups is brought to you by, and Broker's Startup Insurance program |
| 0:40.3 | helps start up secure the most important types of insurance, at a lower cost, and with |
| 0:45.2 | less hassle. |
| 0:46.5 | Save up to 20% off of traditional insurance today, at Embroker.com slash twist. |
| 0:53.1 | While you're there, get an extra 10% off using Offer Code Twist, LinkedIn Marketing. |
| 0:58.9 | To redeem a free $100 LinkedIn ad credit and launch your first campaign, go to LinkedIn.com |
| 1:05.1 | slash this week in Startups, and Squarespace. |
| 1:10.5 | Turn your idea into a new website, go to squarespace.com slash twist for a free trial. |
| 1:16.2 | When you're ready to launch, use Offer Code Twist to save 10% off your first purchase |
| 1:20.8 | of a website or domain. |
| 1:23.9 | Next up, a real treat. |
| 1:25.2 | We have the co-founder and chief product officer of DoorDash. |
| 1:30.4 | How many people have DoorDash this month? |
... |
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