When Stanford students Tony Xu, Evan Moore, Stanley Tang, and Andy Fang launched Palo Alto Delivery in 2013, they envisioned a business that would deliver merchandise and food from local restaurants and retailers. They pinned flyers to student-housing bulletin boards to promote the on-campus delivery business.
The company soon renamed itself DoorDash.
"Ultimately, our vision is to build the local, on-demand Fedex," DoorDash wrote in an October 2013 Medium post.
Ten years later, the delivery company founded in a Stanford dorm room is a juggernaut in the $123 billion food-delivery space, with more than 500,000 stores on its app, and a market cap of more than $30 billion. The company started with food delivery but has since expanded to offer on-demand delivery of groceries, beauty supplies, and convenience store goods.
It competes with Grubhub, Uber Eats, Instacart, and rapid-delivery players like Gopuff.
To mark the company's 10th anniversary, Insider has put together 10 of the delivery operator's most significant milestones.