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DoorDash is looking for fresh funding at a $1B valuation

• vonklaus 11y ago
  This article is a shitty stub. That said, I hate door dash as a business and it is undoubtedly not worth $1B. Leaving aside a proper DCF analysis, lets make this simplistic as hell: $1B = 1000 million. It would take >8 years to pay this money back if they made $1million in revenue a day at a 33% profit margin.
  • jdoliner 11y ago
    > It would take >8 years to pay this money back if they made $1million in revenue a day at a 33% profit margin. Are those numbers actually coming from anywhere in the real world?
    • vonklaus 11y ago
      no. I wrote a great explanation of how valuations work with comparable companies, EBITDA, and DCFs and then hit the back button. Rest assured, that regardless of how much financial wizardry you perform using models, a back of the napkin approach is probably as accurate at this stage anyway. Not to mention, Postmates is pretty easy to predict because it will never be worth anything in the public market and therefore doesn't matter. It will be acquired by someone like Uber or Amazon in a best case scenario but will likely just run out of cash and die.