140: Explosive Startup Growth with Andy Fang of Doordash
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!
This podcast episode was brought to you by Startup Grind.
Join one of the world’s largest online communities of entrepreneurs, with members spanning over 98 countries on the globe. Get inspired by connecting with others just as passionate as you are about entrepreneurs, and educate yourself with all the resources Startup Grind has to offer.