DoorDash Co-Founder Stanley Tang on founding story, lessons + First-time fund manager panel | E1759

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. * 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/ * 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 * Read LAUNCH Fund 4 Deal Memo & Apply for Funding Buy ANGEL 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 * Follow Jason: Twitter: https://twitter.com/jason Instagram: https://www.instagram.com/jason LinkedIn: https://www.linkedin.com/in/jasoncalacanis * Follow TWiST: Substack: https://twistartups.substack.com Twitter: https://twitter.com/TWiStartups YouTube: https://www.youtube.com/thisweekin * Subscribe to the Founder University Podcast: https://www.founder.university/podcast