David Rosenthal: belief

Transcript context

…Meanwhile, just one more quick comparison, Uber in it's private lifetime raised something like $8 billion. They IPO’d in 2018 so by 2017, they had already raised the majority of that. DoorDash is a company that's raised in the low hundreds of millions at this point, and their biggest competitor is a better part of $8 billion funded, junk or not. Also has this other synergistic business to find out what they're doing, theoretically synergistic business. We'll get into it. End of 2017, I remember it was March 2016 when Sequoia stepped up to lead that inside around. We're now at the end of 2017, 18 plus months later, companies out of cash have to do a bridge round. It looks like death's door here and then history turns. I would say on a knife point in this case, it turns on a singular man and his vision one might say. We’re now in March 2018 and DoorDash’s fortunes change. This fund wasn’t quite in the back of a taxi cab like Adam Neumann's was. This one doesn't have quite the same story to it around Masa telling Adam that the crazy man beats the smart man, or whatever it is in the fight. But kind of the same approach.…

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