- TitleCofounder and CEO
Tony Xu was introduced to food service at a young age. As a child, he would help wash dishes in the restaurant where his mother worked. Today Xu—an immigrant from Nanjing, China, and an alumnus of McKinsey, eBay, and Square—runs America’s leading food delivery business, DoorDash. The company grew out of a business school project he started at Stanford University in 2013. Originally called PaloAltoDelivery.com, the sustenance supplier has since grown to claim 46% of market share in the U.S., beating even a newly combined Uber Eats and Postmates (which has roughly a third). Propelled by the COVID-19 pandemic, during which people sheltering at home ordered food aplenty to their doorsteps, DoorDash’s sales soared. The company raised $400 million in June, valuing the company at an astounding $16 billion. Now it’s expanding into grocery delivery too. When Xu takes the company public, likely sometime this year, he will be testing whether the investing public is as hungry for the company’s shares as it is for its fare.