Senior Corporate Development Manager, DoorDash

$170-270k

Salary is applicable to candidates in CA, CO, NJ, NY and WA only, and is partially dependent on location. In addition to base salary, the compensation package for this role also includes opportunities for equity grants

Senior and Expert level

Los Angeles

New York

San Francisco Bay Area

Remote from US

More information about location

Local food delivery platform

Job no longer available

Local food delivery platform

1001+ employees

B2CB2BMarketplaceFoodConsumer GoodsDeliveryeCommerce

Job no longer available

$170-270k

Senior and Expert level

Los Angeles

New York

San Francisco Bay Area

Remote from US

More information about location

1001+ employees

B2CB2BMarketplaceFoodConsumer GoodsDeliveryeCommerce

Company mission

To empower local economies by connecting food lovers with great local restaurants

Job

Company

Role

Who you are

Have a Bachelor’s Degree and 8+ years of relevant experience, whether in investment banking, corporate development, private equity, venture capital, management consulting or otherwise
Are strategic, driven and analytical with a passion for the local delivery economy and a thorough understanding of the competitive landscape
Proficient in financial modeling, valuation, and broad quantitative analysis with a familiarity of basic accounting principles
Ability to work effectively with cross-functional senior executives in a fast-changing environment

What the job involves

As a senior manager, you will identify and execute transformative acquisitions and investments globally that accelerate or increase the likelihood of DoorDash achieving its strategic objectives. You will report to the Senior Director, Corporate Development
Lead the M&A process, including sourcing, evaluation of business model attractiveness, strategic/financial analysis, valuation, due diligence, structuring and negotiation
Build relationships with leaders at emerging and established companies as well as with investment banking and venture capital firms
Coordinating M&A across teams, including engineering, product, design, finance, accounting, legal, and growth
Identify, research and recommend industries, companies and technologies for DoorDash to evaluate from an M&A or investment perspective and analyze the company's objectives and identify, recommend and pursue technologies that can accelerate those goals
Develop and maintain financial models, dashboards and presentations that track and analyze our industry, as well as track prospective M&A opportunities
Support cross-functional capital markets and financing efforts

Our take

DoorDash was an early entrant into the last-mile restaurant delivery business, which is now crowded with the likes of Uber Eats, Postmates and GrubHub. They offer restaurants an end-to-end delivery platform, generating new business and access to a network of delivery drivers.

To differentiate itself in the market, DoorDash focused on areas with fewer competitors and found success in this untapped market. Other factors, such as the company's targeting of restaurants which many not typically offer a delivery service, also contribute to its profitability. The company made its stock market debut in 2020 with one of the biggest IPOs of the year.

However, in light of increasing discontent around DoorDash's commission structure from restaurants, competition remains fierce. The business recently responded by publishing a transparent fee structure, but the number of options open to restaurants means DoorDash must fight to keep its customers loyal. Despite this, by focusing on consumer retention, logistics and technology, the company is likely able to maintain its existing growth and revenue.

Freddie

Company Specialist at Welcome to the Jungle

Insights

Top investors

13% employee growth in 12 months

Glassdoor (3.7)

Company

Funding (last 2 of 10 rounds)

Jun 2020

$400m

SERIES H

Nov 2019

$100m

SERIES G

Total funding: $2.5bn

Company benefits

Company stock options
Work from home stipend
Unlimited paid time off policy
Work from home opportunities
Health insurance

Company HQ

Mid-Market, San Francisco, CA

Leadership

Tony Xu

(CEO)

Tony studied at UCB and worked as a Matrix Partners Associate while studying for an MBA at Stanford. He combined this experience to co-found DoorDash in January 2013, and has served as CEO since June 2013.

Stanley Tang

(CPO)

Previously studied Computer Science at Stanford, before working at Facebook as a Software Engineer.

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