DoorDash seeking 30 billion IPO, who missed out?

New
tonysopran

New

tonysopran
Nov 30, 2020 98 Comments

I know there are a ton of folks who declined DD offers for Lyft, Uber, etc. It looks like anyone who joined 1.5 years ago at 6 billion dollar valuation are going to 5X their TC and become instant millionaires. Anyone else mess up and join Lyft over DD?

https://www.cnbc.com/2020/11/30/doordash-ipo-seeks-valuation-of-up-to-30-billion.html

#doordash #Uber #Lyft

comments

Want to comment? LOG IN or SIGN UP
TOP 98 Comments
  • Google
    hdytqwyt

    Go to company page Google

    hdytqwyt
    What's the point. You could buy options on the market almost everyday that could make you millions. There's no end to this line of thinking 🤷‍♂️ what can you do now is the question
    Nov 30, 2020 17
  • Asurion
    tokkale

    Go to company page Asurion

    tokkale
    Am genuinely curious - how would they survive/make money post pandemic? What am I missing?
    Nov 30, 2020 12
    • You know right , personal opinions don’t matter except for large data set.
      Dec 4, 2020
    • Samsara
      yjTC24

      Go to company page Samsara

      yjTC24
      I've had terrible experience with Uber Eats and Doordash when it comes to canceling orders and stealing items and sometimes not even refunding.

      Versus using Favor and Caviar and having more engaged runners. Caviar has gotten shittier since being acquired though, but at least they refund.
      Feb 26, 2021
  • Apple
    jhsg54g

    Go to company page Apple

    jhsg54g
    That’s now how it works, you can’t sell if all your stocks immediately and become a millionaire

    1. First you need to be working there for at least few years to have good amount of stocks vested
    2. There’s a lockout of at least 6 months for employees after IPO, which means you can’t sell your stocks till at least 6 months
    3. 6 months is a huge period, investors will certainly back out after the pandemic is over, their business model thrived due to COVID but vaccine is coming!
    4. Look at Lyft, they went public at 80$ a share, but can’t keep up to half of its price now
    Nov 30, 2020 3
    • Agreed with the first three points. But no point in comparing with Lyft who isn’t even a remote competitor. The financials are very different from the ride share companies going into the IPO.
      Nov 30, 2020
    • Airbnb / Eng
      uncertair

      Go to company page Airbnb Eng

      uncertair
      Exactly this. Its a good service but the founders and bankers got greedy and over priced the ipo. Their business and valuation was completely covid dependent. Their stock will likely crash and burn over the next months to a year. Hope the employees can cash out before it gets too bad. They should do fine over the long term.
      Dec 4, 2020
  • Definitely not 5x you are not factoring in dilution which happens every time there is a new round of fundraising.
    Nov 30, 2020 2
    • This is correct. You don’t raise millions and millions multiple times without dilution. The money will go back to the investors. The founders and current executive management team will get rich. If you are a Joe Schmoe engineer you’ll be lucky if you get 500k and then pay half of that to Uncle Sam.
      Nov 30, 2020
    • Square
      pxgxyqgv

      Go to company page Square

      pxgxyqgv
      This is the right answer. DD just raised billions

      Also wrong to assume TC = 100% equity
      Nov 30, 2020
  • Uber
    >_<

    Go to company page Uber

    >_<
    Stock 5x doesn’t mean TC 5x.. especially for L6-
    Nov 30, 2020 2
    • Google
      itrdgh

      Go to company page Google

      itrdgh
      Dilution
      Base and cash bonus
      Vesting schedule
      Tax-at-vest so smaller growth thereafter

      Other factors?
      Dec 3, 2020
    • I think IPO dilution are crazy, correct?

      People forget it's only really the founders and VCs that make money. Employees come in super last IF the company really makes it big.
      Dec 4, 2020