After DoorDash Inc.‘s (NASDAQ:DASH) initial public offering (IPO), founder and CEO Tony Xu is living the American dream and shedding light on the lucrative world of startups. Born to Chinese immigrants who arrived in the United States with $250, Xu’s story begins in Illinois when he was 5 years old. His parents’ work ethic set the foundation …
Tag Archives: journey
Food-delivery service closes, bankruptcy filing likely
There’s basically nothing proprietary about food delivery. One company might offer better loyalty rewards or have an easier-to-use app, but the core service remains the same. So, once an area has more than one food-delivery service, it becomes hard for any player in the space to make money. Competition commoditizes the service and drives the …
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It was one of Louisiana’s most popular tech startups. What went wrong at Waitr?
Waitr’s meteoric rise as a tech startup was eventually pulled down by an ill-advised acquisition, a dwindling amount of cash and years of declining revenue, an Acadiana Advocate analysis revealed. The delivery company, which was acquired by Texas millionaire Tilman Fertitta’s Landcadia Holdings in 2018 for $308 million and later rebranded as ASAP in 2022, …
Continue reading “It was one of Louisiana’s most popular tech startups. What went wrong at Waitr?”
ASAP delivery service previously known as Waitr files for bankruptcy
Waitr Holdings filed for Chapter 7 bankruptcy on April 2, with plans to liquidate any of the company’s assets ASAP, the food delivery service formerly known as Waitr, has shut down after the company filed for Ch. 7 bankruptcy, according to an 8-K form filed with the U.S. Securities and Exchange Commission on April 2. According to …
Continue reading “ASAP delivery service previously known as Waitr files for bankruptcy”
Food-delivery service closes, bankruptcy filing likely
Food delivery has proved to be a service that customers like but is really hard to make money on. There’s basically nothing proprietary about food delivery. One company might offer better loyalty rewards or have an easier-to-use app, but the core service remains the same. So, once an area has more than one food-delivery service, …
Continue reading “Food-delivery service closes, bankruptcy filing likely”