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If you are "Per order profitable", why do you need 535M USD? I dont get valley valuations/Metrics..
by martin_bech 9y ago
If you are "Per order profitable", why do you need 535M USD? I dont get valley valuations/Metrics..
- thesimon 9y agoBecause you need money to cover fixed costs.
- martin_bech 9y agoBut if you need 535M USD to effectively deliver pizzas... I think you are doing it wrong. Specially if you make money on every order.
- ProAm 9y ago"Per order profitable" is a made up term by DoorDash to lure unknowing investors. They are still not profitable.
- ac29 9y agoThis could be early investors/founders/employees taking the opportunity to sell equity. Its possible that DoorDash itself is getting little or nothing from this deal.
- martin_bech 9y agoThat would be a hardsell for an investor. I put in 535M USD, and nothing goes towards making the company grow, everything goes towards payouts?
- rkho 9y agoIt could be Softbank forcing it -- they're known to overfund a round as a take-it-or-we'll-go-to-your-competitor tactic.