Tech Brew Ride Home Mon. 11/30 – DoorDash’s IPO Seems To Be Cresting The Wave
Nov 30, 2020
DoorDash is gearing up for its IPO with a remarkable valuation goal of $32 billion, perfectly timed alongside Airbnb's debut. Salesforce's potential acquisition of Slack could shake up the tech landscape. The UK has officially banned Huawei's tech, signaling major policy shifts. Bitcoin is surging, with investors treating it as a long-term asset. Lastly, a heartfelt tribute to the late Tony Hsieh highlights his lasting impact on startup culture and the importance of personal relationships in business.
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DoorDash IPO Timing
- DoorDash's IPO timing is perfect, capitalizing on the pandemic's impact.
- Their valuation doubled since June, reaching $32 billion, exceeding Grubhub and Uber.
Airbnb's Pandemic Resilience
- Airbnb, like DoorDash, benefited from the pandemic, increasing its valuation to $30-33 billion.
- Both companies adapted to the pandemic by shifting strategies and embracing remote work.
Salesforce Acquires Slack
- Salesforce is acquiring Slack for over $24 billion, partly in cash and stock.
- This deal makes Slack a stronger competitor against Microsoft Teams, following an antitrust complaint.