DoorDash is a remarkable business. Founded in 2013, the business now has millions of monthly active users, across 27 countries, who utilise the services of millions of Dashers on the platform to get, ‘restaurants and more, delivered to their door.’ DoorDash is empowering a whole new economic model – In the period from Q1 2020 through today, the platform has generated over $70 billion in sales for merchants, and over $25 billion in earnings for Dashers. It took 7 years for DoorDash to complete their first billion orders (from founding through October 2020), it took 10 months to complete their next billion – the scaling continues – in Q3 2022 alone, DoorDash delivered over 430 million orders. DoorDash IPO’d in 2020, and is regarded as one of the most valuable consumer businesses on the planet. In this interview, I speak to Christopher Payne, President of DoorDash. He served as COO from 2016-2021, and prior to joining DoorDash, he led the North American business at eBay, ran development of MSN Search (now Bing) and mapping (Virtual Earth) for Microsoft. He also led Amazon’s expansion beyond books into video, electronics, wireless, PCs and software. He is one of the world’s most accomplished technology leaders.

Thought Economics

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