Co-founder Andy Tang shares how they stumbled upon the idea for DoorDash. It wasn’t through in-depth analysis or market research, nor by following a trend. They simply chose a niche—small businesses—identified their most painful problem and set out to solve it.
"But I mean, it's funny because we really weren't trying to do a startup. It was literally one of those typical Stanford dorm room class projects. We weren't trying to do a startup or even a food company or delivery company.
I think me, and I met my co-founders Andy and Tony. Andy was in my freshman year dorm, and then Tony, we met through one of those project-based classes at Stanford. The idea we were sort of working on for this class was software for small business.
And I remember at the time, the kind of the hot startup or the hot thing everyone was doing back then was like social apps, Snapchat, things like that, like everyone's very focused on sort of the digital world, but no one was really focused on the physical world."
Key Takeaways:
1. Your next billion-dollar idea might just come from selecting a niche, pinpointing its biggest problem, and solving it.
2. You don’t need to follow trends to find the next billion-dollar opportunity, it’s sometimes better to create the trend.
Watch the full story at inceptionstories.com
#inceptionstories
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[ 3.1 ms ] story [ 9.3 ms ] thread"But I mean, it's funny because we really weren't trying to do a startup. It was literally one of those typical Stanford dorm room class projects. We weren't trying to do a startup or even a food company or delivery company.
I think me, and I met my co-founders Andy and Tony. Andy was in my freshman year dorm, and then Tony, we met through one of those project-based classes at Stanford. The idea we were sort of working on for this class was software for small business.
And I remember at the time, the kind of the hot startup or the hot thing everyone was doing back then was like social apps, Snapchat, things like that, like everyone's very focused on sort of the digital world, but no one was really focused on the physical world."
Key Takeaways: 1. Your next billion-dollar idea might just come from selecting a niche, pinpointing its biggest problem, and solving it. 2. You don’t need to follow trends to find the next billion-dollar opportunity, it’s sometimes better to create the trend.
Watch the full story at inceptionstories.com #inceptionstories