On its website, Hinova said it's looking to onboard a chief financial officer versed in Hong Kong IPOs.
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The new fund has beaten Hong Kong-based Hillhouse Capital's US$10.6 billion fundraise in 2018.
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Jim Farley has the new vehicles coming to market that he needs to bring in lots of cash. But he has to manage Wall Street expectations.
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Perry joined Zilingo as its first finance chief in July last year.
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Security upstart NS8, which raised $123m in funding, let its leader have sole control over revenue records The Feds on Thursday charged the head of a cyber-fraud prevention company with fraud in a complaint unsealed in a New York City court.…
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Starbucks, McDonald's, Panera, and Dunkin' are all seeing declining breakfast sales, as many opt for a bowl of cereal or toast at home.
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JPMorgan continues to rate Nikola at "overweight" with a $45 price target, representing potential upside of 37% from Tuesday's close.
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Illustration by Alex Castro / The Verge When McKenna Rogers landed a job on Pinterest’s finance team in 2018, she felt like she’d arrived. She loved the platform — so much that she’d used it to help plan her wedding. “Working there felt like a dream come true,” she says. The year before, Forbes included Pinterest in a list of companies where women most like to work. Three years later, stories from former employees about inequality and insensitivity have poked holes in Pinterest’s friendly aesthetic. In June, Ifeoma Ozoma and Aerica Shimizu Banks came forward with allegations of racial discrimination at the company. Two months later, former COO Françoise Brougher sued Pinterest for gender discrimination and retaliation. She specifically called out the chief financial officer... Continue reading…
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Wee Digital said it plans to use the new funds to further develop products and services across Vietnam's financial services sector.
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Customers have made much use of Lowe's in-store app, curbside pickup options, and other omnichannel offerings during the pandemic.
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CD Projekt Red has expressed confidence that Cyberpunk 2077 won’t be subject to any more delays.
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Firm not the only SaaS-y outfit to enjoy bumper results during pandemic In what has been a bumper week for SaaS slingers, cloudy HR and finance application specialist Workday has shovelled 20 per cent more sales onto its top line and slashed losses.…
Meanwhile, British case awaits judgment Former Autonomy CFO Sushovan Hussain has lost a US appeal bid against his criminal conviction for fraud committed during the sale of the British software company to Hewlett-Packard back in 2011.…
DoorDash has 12 members of its Management Team, which are its top executives, including CEO Tony Xu. While the company has announced various members of that team over the years, it has never publicly compiled a list of them; Business Insider is publishing that list for the first time. The executive team has decades of tech-industry experience, helping manage companies ranging from Amazon to Uber; one member worked in the White House, while another has been dubbed the godfather of Google's AdSense product. The experience of the current team stands in contrast with the team that founded Palo Alto Delivery — DoorDash's precursor — some 8 years ago; at the time, Xu and his cofounders were all students and relatively little experience. Visit Business Insider's homepage for more stories. When they founded Palo Alto Delivery — the company that became DoorDash — in 2012, Tony Xu, Stanley Tang, Andy Fang, and Evan Moore arguably had more energy than experience. Tang and Fang were still computer science undergraduates at Stanford with a handful of Facebook internships between them. Xu and Moore were both graduate students in the university's business school with a bit more real-world experience, but neither were exactly seasoned operators. But they made it work. Xu, his cofounders, and their early team transformed a local delivery service that served Stanford and nearby neighborhoods into a nationwide — even international — operation. However, as DoorDash has gotten bigger, Xu, its CEO from Day 1, has sought to bring in more experienced hands to help steer and manage the increasingly complex company. Today, the company's top ranks — dubbed its Management Team — are filled with managers who have long experience in the tech industry, having helped run companies including Uber, Google, Facebook, Tesla, Microsoft, and Groupon.   Those managers have helped DoorDash navigate the coronavirus crisis as well as numerous legal and technical challenges. They've also helped the company, last valued at $16 billion in a venture financing round in June, prepare for a possible initial public offering. While DoorDash has announced various hirings over the years, it's never made public a complete list of its Management Team. In an exclusive, Business Insider has compiled a list of its members. Here are DoorDash's 12 top executives:SEE ALSO: DoorDash, the $12.7 billion food-delivery startup, could make or break tech IPOs in 2020. Early investors explain why they backed the company and its founder. Tony Xu, CEO and cofounder Tony Xu launched Palo Alto Delivery, the precursor to DoorDash, in the fall of 2012 with fellow Stanford students Evan Moore, Stanley Tang, and Andy Fang. Their initial idea was to fill a gap in their local area — there weren't a lot of food delivery options for Stanford students or the surrounding community in Palo Alto, California. The team struggled a bit to figure out whether to focus on individual consumers or on catering to businesses. They eventually settled on delivering to consumers, changed the company's name to DoorDash, and started building what would become a multibillion-dollar company and the national leader in the food delivery business. A key part of Xu's strategy was to focus on other suburban areas like Palo Alto that were bereft of delivery options. Xu immigrated from China to the US with his parents when he was 5. He later worked in the kitchen of his mother's Chinese restaurant. Before cofounding DoorDash, he was part of the product team at Square, worked on special projects for the CEO and chief financial officer of eBay, and was a business analyst at consulting firm McKinsey. Andy Fang, chief technology officer and cofounder Andy Fang was a Stanford undergraduate student with little real-world business experience other than a pair of internships at Facebook when he teamed up with Tony Xu, Stanley Tang, and Evan Moore to found Palo Alto Delivery in the fall of 2012. After starting the service, which the team relaunched as DoorDash the following year, Fang reportedly served for a time as its lone delivery driver and worked with his cofounders to dispatch orders. In the early days, DoorDash's service was built around a simple website. But Fang, who graduated in 2014 from Stanford with a bachelor's of science in computer science, led the effort to build out a code base to serve as a foundation for its service. As DoorDash's CTO, Fang leads its engineering team and is responsible for overseeing the development of its technology. Stanley Tang, chief product officer and cofounder Stanley Tang was a classmate and former dorm mate of Andy Fang in Stanford's computer science department when they teamed up with graduate business students Tony Xu and Evan Moore to found DoorDash. Like Fang, Tang also worked a short stint at Facebook while still in school. But as a teenager, Fang wrote "eMillions: Behind-the-Scenes Stories of 14 Successful Internet Millionaires" in which he offered case studies of success in the new digital economy based on interviews with entrepreneurs. Along with Fang, Tang graduated from Stanford in 2014 — some two years after they launched DoorDash's predecessor — with a degree in computer science. But while Fang gravitated toward the code base, Tang took an interest in overseeing the design of its service and how customers and partners interacted with it. That remains his role as the company's chief product officer.   Christopher Payne, chief operating officer In 2016, three years after DoorDash formally launched and after several years of explosive growth, CEO Tony Xu was ready to bring in an experienced operator to help him scale up the business. He turned to Christopher Payne to fill that role. By that point, Payne had more than 25 years of operating experience, serving as a manager and vice president at Microsoft, Amazon, and eBay; the founder and CEO of a small software startup that was acquired by eBay; and, for a short time, as the CEO of Tinder. As DoorDash's COO, Payne oversees its marketing operations, its partnerships with restaurants and other merchants, and its interactions with couriers. Sarah Wagener, chief people officer Like Christopher Payne, Sarah Wagener was a well-seasoned executive before she joined DoorDash in 2018, having spent more than 20 years in human resources and recruiting, much of that in the tech industry. Immediately prior to joining the food-delivery company, she had been at Pandora for more than 5 years, first heading up its recruiting and diversity efforts and then its HR operations. Before that, she had stints at Facebook, Genentech, Bayer Healthcare, and staffing agency Aerotek. She oversees DoorDash's equivalent of a human resources department as its chief people officer.  Prabir Adarkar, chief financial officer Before he joined DoorDash in 2018 as its chief financial officer, Prabir Adarkar was a top finance official at another SoftBank-backed Silicon Valley unicorn — Uber. He had spent three years at the app-based taxi company, overseeing its financial planning and analysis and helping determine its pricing and the incentives it offered riders and drivers. Prior to Uber, Adarkar was an investment banker at Goldman Sachs, advising technology companies on mergers and acquisitions.  Keith Yandell, chief business and legal officer Keith Yandell has been a busy guy since joining DoorDash in 2016 as its chief business and legal officer. Soon after starting, he spearhead the company's first acquisition. He's also been a leading player in its fundraising efforts; just since he joined, the company's raised $2.7 billion, representing the vast majority of its total financing. Most notably, though, he's been the key figure in DoorDash's numerous legal scrapes. The company has battled with couriers, the city of San Francisco, and the state of California over whether such workers should be classified as employees or contractors; and with customers and the District of Columbia attorney general over allegedly misleading customers about who received the tips they paid. Yandell is helping lead the effort on behalf of the company to overturn California's Assembly Bill 5, which forces companies including DoorDash to classify their gig workers as employees. Yandell had plenty of experience dealing with legal controversies before he started at DoorDash. Like Prabir Adarkar, Yandell is a veteran of Uber, where he headed up the litigation team of the app-based taxi company that fought numerous legal battles with passengers, drivers, and regulators. Prior to that, he was a partner at Allen Matkins, where he tried numerous cases. Rajat Shroff, vice president of product management As DoorDash's vice president of product management, Rajat Shroff oversees the company's product management, product design, and product operations teams. He leads the company's effort to develop and build out products for consumers, retailer partners, and advertisers. Like Christopher Payne and Sarah Wagener, Rajat Shroff had a long history in tech prior to joining DoorDash in 2017. He came to the company from Groupon, where he'd similarly led its product management operation. Prior to that he'd been involved in or headed up product management efforts at a succession of companies, including Oracle and Brand.net. Liz Jarvis-Shean, vice president of communications and policy Liz Jarvis-Shean joined DoorDash last August as its first vice president of communications. In that role, she oversees its public-relations efforts. Jarvis-Shean is well-prepared to handle any flack, scrutiny, or publicity directed at or by DoorDash. She worked on Barack Obama's 2008 and 2012 presidential campaigns and served as a special assistant to him in his first administration, helping push through the Affordable Care Act and the confirmations of two Supreme Court justices. She later headed up communications at Tesla as it was ramping up production of its first car, the Model S, preparing to launch its second, the Model X, and broke ground on its Gigafactory battery manufacturing plant. More recently, she was the head of communications at Airbnb at a time when the online travel company was starting to draw criticism that the short-term rental market it helped foster was leading to rising rents in many cities, including New York. Ryan Sokol, vice president of engineering Ryan Sokol has headed up DoorDash's engineering team since he joined in January last year as the company's vice president of engineering. After the company saw a surge in traffic this spring as governments barred in-person dining to combat the coronavrius pandemic, Sokol led an effort to overhaul DoorDash's technology systems to make them more reliable and better able to handle the demand. Sokol was well-prepared for the role, having worked in the tech industry as a consultant and manager for more than 20 years. Like Keith Yandell and Prabir Adarkar, Sokol joined DoorDash from Uber. While a director at the app-based taxi company, he oversaw the launch of UberEats and helped scale up its operations. He previously oversaw Uber's engineering team that focused on its core ride-sharing marketplace. Before Uber, Sokol had been head of engineering at communications app maker Voxxer and had served in a variety of roles at IBM, Genentech, and a variety of consulting firms. Gokul Rajaram, Caviar Lead When DoorDash acquired rival Caviar from Square last year, it got with the deal not only someone who was intimately familiar with the high-end food delivery business, but someone who was something of a star manager as well. Gokul Rajaram has overseen Caviar — first for Square and now for DoorDash — since Square had acquired the company in 2014. But he's perhaps best known for being the so-called godfather of Google's AdSense product. He helped launch the search advertising feature, which transformed Google from a provider of a free search engine into a huge business. After he left Google, he founded Chai Labs, which was focused on helping companies in the travel, shopping, and entertainment industries create search-friendly content for their websites. When Facebook acquired Chai Labs, Rajaram, as its product direct for ads, helped build the social networking company's advertising business into the behemoth it became. Tom Pickett, chief revenue officer Tom Pickett is the newest member of DoorDash's executive team, its first chief revenue officer, and the only member of its top management who doesn't report directly to CEO Tony Xu. Instead, Pickett, who joined the company this spring and oversees its interactions with merchants, reports to Chief Operating Officer Christopher Payne. Pickett is yet another seasoned operator. Prior to joining DoorDash he was CEO of Elation, a streaming video company that operated Crunchyroll, before it was acquired by AT&T. Prior to that, he spent 10 years at Google, including as a top manager at YouTube and on its AdSense team. Before getting into tech, Pickett was a fighter pilot in the Navy, flying F/A-18 planes. While in the Navy, he graduated from its TOPGUN flight training program. Got a tip about DoorDash? Contact Troy Wolverton via email at [email protected], message him on Twitter @troywolv, or send him a secure message through Signal at 415.515.5594. You can also contact Business Insider securely via SecureDrop. Read more about DoorDash: DoorDash's head of engineering walks us through how it worked with $12 billion Cloudflare to keep its cloud infrastructure running as it dealt with millions of restaurant orders in the early days of the pandemic San Francisco's District Attorney is suing DoorDash for classifying workers as contractors instead of employees despite AB5 gig-worker law DoorDash, riding on food delivery demand during the coronavirus crisis, looks set to raise hundreds of millions of dollars in new funding at a $15 billion valuation DoorDash, buoyed by surging demand and ample capital, has launched new services like toilet paper deliveries from convenience stores during the COVID crisis. CEO Tony Xu says it's being 'extremely agile.'
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