DoorDash Venture Capital Investment Memo

Tl;dr: Sequoia invested led the $17.3m at the series-a round in 2014 in DoorDash. They shared their investment memorandum in 2020. Read to understand how a venture capital investor thinks about investing in a company and how they communicate it to their partners and potentially their limited partners.

Alfred Lin at Sequoia Capital shared the DoorDash investment memo from 2014 on an episode of The Founders’ List podcast in 2020 on the Twitters and a podcast.

“In the Summer of 2013, DoorDash had a dream of building a real-time local delivery network for local commerce. This episode of The Founders’ List is the reading of an internal memo by Sequoia Capital Partner Alfred Lin in 2014, focused on the market and business of DoorDash before their Series A partnership.

DoorDash launched in Palo Alto, California in 2013. As of January 2020, it had the largest food delivery market share in the United States. DoorDash held its initial public offering on December 9, 2020.”

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