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How I Built A $400 Million Food Delivery Company Called Caviar | Founder Effect 

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Shawn Tsao almost became an architect. Instead, he's a co-founder of food delivery company Caviar, which sold to DoorDash in 2019 for $410 million.
Produced by: Ernestine Siu
Supervising Producer: Jessica Leibowitz
Camera: Mickey Todiwala, Katie Brigham, Andrew Evers
Editor: Nic Golden Henry
Animator: Elham Ataeiazar
Reporter: Tom Huddleston Jr.
Additional Footage: Shawn Tsao, Jason Wang, Getty Images, Caviar
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How I Built A $400 Million Food Delivery Company Called Caviar | Founder Effect

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9 окт 2023

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Комментарии : 336   
@richardk111
@richardk111 7 месяцев назад
The last part about Shawn’s mother still wanting him to go get an MBA cracked me up! 😂 Every Asian person knows what he’s talking about.
@CC-dx6bc
@CC-dx6bc 7 месяцев назад
😂😂😂😂
@anuwatsongkarn1443
@anuwatsongkarn1443 7 месяцев назад
Tiger mum😂
@kingsparks3695
@kingsparks3695 6 месяцев назад
#Asianthings
@a.r.8987
@a.r.8987 5 месяцев назад
Just in case his millions fail....😄
@anmnou
@anmnou 4 месяца назад
Yeah well, Woody Allen's mother was still berating him --at the height of his career--for not having done something better with his life 😂...
@mandlas.4305
@mandlas.4305 5 месяцев назад
The headline is misleading. They sold the company to Square for US$100 million and Square sold it to Doordash for US$410million
@titiwashable
@titiwashable 7 месяцев назад
When I'd order delivery, Caviar was always my favorite. Highest quality of everything. This was a great watch. Shawn and our journalist [didn't catch her name] were super likable!
@MrLegendfx
@MrLegendfx 7 месяцев назад
Caviar was amazing. I used to courier for them, in NYC. Great pay. Small trips. Amazing restaurants in the city. Door Dash killed the whole vibe.
@thecryptotrapper1030
@thecryptotrapper1030 7 месяцев назад
Easy $8K $10K per month back in 2016-2017 good ol courier days
@greenteapeng_
@greenteapeng_ 6 месяцев назад
@@thecryptotrapper1030 Wow, really?? That's really good pay
@FeelingShred
@FeelingShred 5 месяцев назад
okay so this was actually good for delivery drivers too? did you make more money with them than you would make working as independent on your own for the businesses directly? can you share more insight on this part of the story? because upon watching this video it leaves me with the impression "oh so all they did was start to profit on the delivery fees that were earned by independent deliveries" So how does the math works in that case? The couriers end up making more based on the sheer difference of amount of sales on its own? Okay I can imagine that, but there's a flaw to that argument, to me that sounds that each individual delivery is being LESS profitable than it was before the company took over that management. You might be earning a bit more, but you're having to work MORE for that bit extra money in the end. While the company itself just sits there with their platform profiting. In the end, it leaves a weird impression of parasiting.
@FeelingShred
@FeelingShred 5 месяцев назад
more than you would make independently for restaurants working the same amount of hours?
@afficals-chi9056
@afficals-chi9056 4 месяца назад
cuz doordash wanna finessed and get mORE money rather than care for their driver delivers.
@danielmedina4953
@danielmedina4953 Месяц назад
Many people venture into crypto to be wealthy, meanwhile I just want to be debt free.
@billymark7125
@billymark7125 Месяц назад
Unfortunately The majority of individuals seem unaware of and careless when it comes to investing, despite the fact that it should be the best thing a person can do for himself. My gains from stocks and cryptocurrencies are still having a significant impact on my fortune. So I have no inclination to rely entirely on my pay or to wait for the market to go up.
@loydriley9221
@loydriley9221 Месяц назад
Assets that can make wealthy Crypt0 Stock Real estate Gold
@claresmithy4667
@claresmithy4667 Месяц назад
You're right, Fear is one of the factors that hinder most persons to invest into crypto, most persons say ignorance..
@stevewilliams760
@stevewilliams760 Месяц назад
I'm enjoying working under a platform that brings good returns in my life and I've been making my weekly returns without stress all in cry'pto
@henrynoble7011
@henrynoble7011 Месяц назад
Investing in c.rypto is the most profitable investment due to its current rise, huge profits and future benefits.
@jamesczheng
@jamesczheng 4 месяца назад
That's my pledge bro! So proud of you Shawn, Jason, and the entire Caviar team! I remember when this started from the frat house =)
@sunnyrays2281
@sunnyrays2281 7 месяцев назад
Great video. Humble and hardworking!!! So deserved.
@Jairsilvav
@Jairsilvav 7 месяцев назад
Keep with it Founder Effect team! Great videos
@MoorishBrooklyn
@MoorishBrooklyn 7 месяцев назад
A heck of a story. Congratulations.
@yung1448
@yung1448 7 месяцев назад
This is beyond amazing. Success has no shortcuts, there’re ways to attain it.
@yung1448
@yung1448 7 месяцев назад
Most successful people always seek the knowledge and ldeas of finance professionaIs to help them create wealth and claim to attain their success without any help
@yung1448
@yung1448 7 месяцев назад
To create wealth, proficiency is needed. I indulge in special packages with the Ideas of my finance professionaI and so far I’ve attain so much returns (amount is confidentiaI)
@AmeliaLiam01
@AmeliaLiam01 7 месяцев назад
It’s amazing to be here, this sort of idea is a rare one. I want to partake in this. can you give more detaiIs. ?
@yung1448
@yung1448 7 месяцев назад
IsabeIIe ChIoe Scott is my professionaI, I found her on Bloomberg where she was featured, I looked up her name on the internet. FortunateIy I came across her and reached out to her, you can verify her yourself.
@evelynscarlett7983
@evelynscarlett7983 7 месяцев назад
I got her page immediately I researched, I read through it and seems pretty interesting, I just reached out to her
@Shahsa001
@Shahsa001 2 месяца назад
Is it a good idea to use a personal loan to consolidate and pay off credit card debt or to invest?
@Rya1122
@Rya1122 2 месяца назад
Yes, personal loans are the best. Their APRs are between 5,99% to 35,99%. Personal loans for bad credit are more expensive, but I can't pick wishful thinking over logical reasoning, as a matter of fact half of the house loan I took out was used to buy shares and options trading which still pays me
@Shahsa001
@Shahsa001 2 месяца назад
Oo wow! I don’t even know what Options are, how does it work?
@Thyago2420
@Thyago2420 2 месяца назад
Do you mean Options trading, I keep hearing about it a lot and seeing ads videos on RU-vid here but I never knew it was profitable
@Rya1122
@Rya1122 2 месяца назад
I don’t handle it myself, rather I leave that to a pro, maybe you could need his help
@Rya1122
@Rya1122 2 месяца назад
Benjaminravies that’s his gmai
@DanZL1
@DanZL1 2 месяца назад
Great story I wish you had deep dived into what was so unique about the Cavier app that Square paid a 100m for. Also what made their app stand out from the competitors?
@saratemp790
@saratemp790 7 месяцев назад
What a superior human. Smart innovative tall good looking humble. He's got it all.
@anmnou
@anmnou 4 месяца назад
Superior?! Yikes!
@sophiyastudios
@sophiyastudios 4 месяца назад
this was an amazing video- it's really inspiring to see someone from UC Berkeley succeed with hard work and determination. go bears!
@OHANA-Beach-Suites-CDO
@OHANA-Beach-Suites-CDO 7 месяцев назад
WOW! CONGRATS!🎉🎉🎉🎉 LETS GO ENTREPRENEURS!!!!!!❤❤❤
@hongscave
@hongscave 5 месяцев назад
Such a down to earth guy! Deserves the win.
@SelfPublishingTitans
@SelfPublishingTitans 7 месяцев назад
Very inspiring. One of my goals is to one day also be on CNBC Make It. :)
@AlanSmith88888
@AlanSmith88888 4 месяца назад
Amazing story
@HoustonEats
@HoustonEats 3 месяца назад
Very inspiring story! Great job!
@anthonydanvers559
@anthonydanvers559 7 месяцев назад
We need more founder effect
@cdclydesdale
@cdclydesdale 7 месяцев назад
Food industry is just gonna get better and better!
@patman2193
@patman2193 7 месяцев назад
that guy seems like a good guy. congrats to him and his buddies.
@MerrilDiniz
@MerrilDiniz 7 месяцев назад
This video needs a follow-up on his current ventures - great story
@phillipchien
@phillipchien 7 месяцев назад
Must have been a fantastic journey. I hope I take one similar soon
@jom2609
@jom2609 7 месяцев назад
Power of believing in yourself Power of having not only friends but RIGHT friends
@loubaokraka8310
@loubaokraka8310 2 месяца назад
Beautiful story!
@rotneder2814
@rotneder2814 4 месяца назад
wow, a lot of success stories coming out from Berkeley!
@astronomicatx
@astronomicatx 3 месяца назад
Tsao's story is a testament to the opportunities that can arise when individuals are open to exploring different paths and seizing unique entrepreneurial opportunities. 🚀
@myreel
@myreel 7 месяцев назад
That was awesome
@PraisePelumi
@PraisePelumi 7 месяцев назад
inspirational
@topher7716
@topher7716 7 месяцев назад
not really lmao their orders are just taken by doordash now
@dwa3210
@dwa3210 7 месяцев назад
That’s cool. I’ve always wanted a group of friends to invest in a company with. Gonna start looking today😂
@ericchu6503
@ericchu6503 7 месяцев назад
College friends is a good place
@tastychicken3966
@tastychicken3966 5 месяцев назад
Where you at?
@MMMM-qg7ln
@MMMM-qg7ln 7 месяцев назад
He should be an actor. So handsome.
@saratemp790
@saratemp790 7 месяцев назад
Exactly
@maneeshahooja
@maneeshahooja 2 месяца назад
Well done!
@TheMediocreDev
@TheMediocreDev 6 месяцев назад
I’m assuming he & his cofounders had to payout the initial investors after selling their company for $100 million. Meaning the cofounders might have gotten like $10 million each after taxes.
@bigboner23
@bigboner23 3 месяца назад
That’s a retirement fund
@saulgoodman2018
@saulgoodman2018 7 месяцев назад
He sold it to square for $90 million. So he built a $90 million company. Not a $400 million dollar.
@mc0000
@mc0000 7 месяцев назад
What did you build?
@saulgoodman2018
@saulgoodman2018 7 месяцев назад
@@mc0000 What does that have to do with anything?
@Official-D.W.
@Official-D.W. 7 месяцев назад
It was later bought by DoorDash for 410 million, so thereby built a 400M app 😒
@saulgoodman2018
@saulgoodman2018 7 месяцев назад
@@Official-D.W. You do not count it after he had sold it.
@abacus7547
@abacus7547 7 месяцев назад
@@Official-D.W. yes he was basically screwed
@reprovedcandy
@reprovedcandy 7 месяцев назад
My first acquisition was abt $200K. Just wanted to share a reality check for what entrepreneurship more often looks like irl.
@andrewxzvxcud2
@andrewxzvxcud2 7 месяцев назад
u didnt need to sell tho u couldve kept growing so thats ur problem not rlly a reality check more like "hey guys dont make the same mistake as me and have fomo"
@AlanSmith88888
@AlanSmith88888 4 месяца назад
Wish I could do this too
@johnchan6191
@johnchan6191 7 месяцев назад
Wow, amazing successful story. Thx 4 sharing on Utube.
@mujjammilbillah
@mujjammilbillah 2 месяца назад
how it was different from Uber Eat? What was the USP ?
@vivekar6289
@vivekar6289 3 месяца назад
Wow it's true if we have passion we can get through hardest days and not give up
@JG-dy2hk
@JG-dy2hk Месяц назад
I was in Kuwait in 2012 and restaurants including fast food were being delivered by independent contractors.
@mitchelljean-milard2464
@mitchelljean-milard2464 7 месяцев назад
Go Shawn!
@cyrellroberson9698
@cyrellroberson9698 6 месяцев назад
Inspiring! Go Bears!
@JJ-rp2df
@JJ-rp2df 4 месяца назад
Inspiring story of grit against all odds, David and Goliath.
@Mr_danny20
@Mr_danny20 2 месяца назад
WOw I love this
@MrBeast-1
@MrBeast-1 7 месяцев назад
How much profit has he made? We need to start measuring folks that way.
@DrRichardMarques
@DrRichardMarques 7 месяцев назад
Great and inspiring! 👏
@MarketingFoodOnline
@MarketingFoodOnline 7 месяцев назад
We had a huge success in 2021 and 2022 with our ecommerce snack and candy business online now 14 years online every downside or economic challenge presents an amazing opportunity even with food
@awil2
@awil2 7 месяцев назад
Bro am 13 and poor af lol from. Ghna no opportunity in. Life bro wow
@awil2
@awil2 7 месяцев назад
I need start my own buniuss thanks for motivation I’ll be a BILLIONAIRE TRUST ME
@S6OOL
@S6OOL 13 дней назад
9:03 So true..!
@user-sk3tn2ek8q
@user-sk3tn2ek8q 3 месяца назад
How much did they make each ?
@TalesOfTrillions
@TalesOfTrillions Месяц назад
When life gives you failing startups, make a sandwich... or in Caviar's case, an entire food delivery empire!
@milyonerhoca4118
@milyonerhoca4118 3 месяца назад
Worthy
@MOG214
@MOG214 5 месяцев назад
good video
@ricardoxelmundo5330
@ricardoxelmundo5330 6 месяцев назад
Love Ikes!!!
@omaressam1081
@omaressam1081 5 месяцев назад
When he mentioned the MBA it made me certain that Asian parents will be Asian parents
@FoodwaysDistribution
@FoodwaysDistribution Месяц назад
They cared so much they sold it to the first buyer who quadrupled their money in less than 5 years by reselling it......
@lastestmovietrailers9390
@lastestmovietrailers9390 7 месяцев назад
How much loses it is having each month?
@autobotdiva9268
@autobotdiva9268 7 месяцев назад
never heard of them
@gambaridup
@gambaridup 6 месяцев назад
And what happen to Sean Sal the founder in November 2023, is he still around ?
@Laralove14927
@Laralove14927 7 месяцев назад
I’m curious as how their company was so successful when it wasn’t much different than any of the other companies
@user-ou9mn8pj5c
@user-ou9mn8pj5c 6 месяцев назад
They said it in the video. They targeted restaurants with great quality food and so indirectly people started talking and ordering from Caviar.
@cyrellroberson9698
@cyrellroberson9698 6 месяцев назад
I think they came out before the other companies
@stackmaster2851
@stackmaster2851 4 месяца назад
Caviar was the best food delivery app for drivers and customers until door dash ruined it.
@zot2698
@zot2698 6 месяцев назад
Amazing! But its kinda weird that he build a $400 Million dollar food company that had more than $400 million invested in it.
@otea-app
@otea-app 4 месяца назад
lol
@MayorMcC666
@MayorMcC666 2 месяца назад
he picked a great time to sell!
@jochemharald282
@jochemharald282 7 месяцев назад
Every crash /collapse/inflation or a recession offers an equal market opportunity if you are well prepared and knowledgeable. I've seen people accumulate up to $800,000 during crises and even pull it off with ease in a bad economy. Without a doubt, the bubble or crash has made someone extremely wealthy.
@jeffreysmart5461
@jeffreysmart5461 7 месяцев назад
I agree that there are strategies that could be put in place for solid gains regardless of economy or market condition, but such executions are usually carried out by investment experts or advisors with experience
@jamesmicheal3159
@jamesmicheal3159 7 месяцев назад
A lot of folks downplay the role of advisors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. he's helped grow my reserve notwithstanding inflation, from $275k to $850k.
@dickadriaan1898
@dickadriaan1898 7 месяцев назад
Please can you leave the info of your lnvestment advsor here? I’m in dire need for one.
@cortantonie9457
@cortantonie9457 7 месяцев назад
"Wonghuatrade" is the advisor that oversees my portfolio. He's been able to gain some reputation and online recognition with over 3 decades in service, so it shouldn't be a hassle to find basic info.
@carleddiewesley4960
@carleddiewesley4960 7 месяцев назад
He appears to be a true authority in him profession. I looked him up online and found his website, which I browsed and went through to learn more about him credentials, academic background, and career. he owes me a fiduciary duty to act in my best interests. I set up an appointment to use his services.
@djcardwellai
@djcardwellai 6 месяцев назад
How is this different from Doordash?
@charleslwin9397
@charleslwin9397 7 месяцев назад
PAPHI!!!!! Brotherhood!
@thea-listtv312
@thea-listtv312 7 месяцев назад
it's his cute kind face for me.
@innocrates
@innocrates 7 месяцев назад
Inspiring story but comment about Tesla is irrelevant. 8:08
@Ye-tf9im
@Ye-tf9im 7 месяцев назад
I do!
@mairasiqueira5165
@mairasiqueira5165 Месяц назад
Italia anche sera importante.e così sarò convinta que farà sucesso
@tiredtechie
@tiredtechie 4 месяца назад
I remember using caviar on the web in 2015 pre app days working in the app space at a Wework in nyc. Fun days
@anthonywatts9139
@anthonywatts9139 7 месяцев назад
He should ask can he have stocks and shares in the company to so money will still be coming in from that company
@christianjosephreyes110
@christianjosephreyes110 7 месяцев назад
Their company must have become a threat to others that other business shark had to buy theirs for a hundred million dollars.
@BekeeChisomaga
@BekeeChisomaga 7 месяцев назад
It's estimated that Americans will need more than $1 million to retire comfortably, but I found most of us aren't bullish about meeting that goal. I've been sitting on over $750K equity from a home sale and I want to invest on the stock market, how do I achieve this?
@pinned.bymarktilbury2858
@pinned.bymarktilbury2858 7 месяцев назад
American workers are losing ground on retirement readiness and increasing the risk of outliving their assets, we all need to do more to help improve the savings and retirement security in the country, If you're not who understands strategies to invest in wisely, seeking help would be the best
@CarlRunefelt-yf7lv
@CarlRunefelt-yf7lv 7 месяцев назад
I wouldn't mind speaking with the Adviser that assists you. I truly want to improve my retirement funding because I plan to retire in three years.
@stephengardner8603
@stephengardner8603 7 месяцев назад
Made my first withdrawal last week and I wasn't really happy with myself cause I was skeptical which made me invest so low meanwhile I'm on my second trade with Lauren Krawcheck and this time I invested big.
@YourrichBFF-su9bw
@YourrichBFF-su9bw 7 месяцев назад
I've never seen or heard any of Mrs Lauren Krawcheck clients complain of loss. I think she’s just too perfect
@lucascarlifornia1029
@lucascarlifornia1029 7 месяцев назад
I met her last year for the first time at a conference in London, I invested £50,000 and traded in one month making close to £200,000
@Outcome_Agent
@Outcome_Agent 7 месяцев назад
Pineapple fraternity !!!!!
@randomsh-t917
@randomsh-t917 7 месяцев назад
After almost a hundred years. Any other Pineapples made it big?
@dougradtke
@dougradtke 11 дней назад
@@randomsh-t917there are others with less publicity, yep. Another bro from UC Riverside founded a Y Combinator backed startup. Lots of examples if you’re in the know
@estuardoe8
@estuardoe8 5 месяцев назад
Never heard of them
@RaySunbae
@RaySunbae 6 месяцев назад
One of very few success stories where alcohol helped make a lifechanging choice.
@CB-uq6mx
@CB-uq6mx 7 месяцев назад
Shawn is so daddy and great eye candy
@mairasiqueira5165
@mairasiqueira5165 Месяц назад
America 🤝🤝🤝🤝🇧🇷🇮🇹🌎💯🌎💯🌎💯👍👍👍😋😋😋😋😋 siguro fareste sucesso e comodo a tante lavoratori
@HelloImCrimson
@HelloImCrimson 4 месяца назад
Are these comments below bought? They sound incredibly fake and paid for.
@JosephLee2012
@JosephLee2012 4 месяца назад
I think you should get a MBA too since you are too smart not to get it. You are a genius.
@Tiger2956
@Tiger2956 4 месяца назад
All of them have an English name, intersting.
@Baheieujlsksnen
@Baheieujlsksnen Месяц назад
He's good looking
@LeoMonkeyLife
@LeoMonkeyLife 6 месяцев назад
🎉🎉
@rickybobby7775
@rickybobby7775 7 месяцев назад
Lol same. Been there, done that.
@Dah2291
@Dah2291 7 месяцев назад
400$ million is overvalued ,
@districtnerfco.8390
@districtnerfco.8390 7 месяцев назад
$20-30 In delivery fees 🤔 Is this not an exaggeration?
@tylerbhumphries
@tylerbhumphries 7 месяцев назад
I’m not sure but I can definitely believe it. Just a few months ago I placed a large order for a fast food restaurant that is only 1 and a half miles away from using Door Dash and the fees were $38 (delivery, service, and I think something called “local” fees…whatever that means). This is not including tax and tip for the driver. Needless to say we canceled the order. I live in Missouri by the way. That was so ridiculous.
@AIlysAI
@AIlysAI 7 месяцев назад
Go Bears!
@Tlb008
@Tlb008 7 месяцев назад
Never heard of it
@mairasiqueira5165
@mairasiqueira5165 Месяц назад
Sanduiche di sera e pranzo ottimo investimenti
@MayorSom
@MayorSom 7 месяцев назад
Underwhelmed by these delivery startups. In fact all of these fluffy startups are just ticking time b*mb
@jonathansweet1201
@jonathansweet1201 4 месяца назад
Hows this app different than DoorDash??
@kenana3456
@kenana3456 4 месяца назад
it's not at all, there are so many apps like it, and before it.
@Wheelztotheworld
@Wheelztotheworld 7 месяцев назад
@Minimalici0us
@Minimalici0us 6 месяцев назад
Life is made. Back to the hamster wheel for me until I also come up with an idea ⏳
@Play4Vida
@Play4Vida 5 месяцев назад
he needed to stay with it longer
@tastychicken3966
@tastychicken3966 5 месяцев назад
Anyone wants to team up building something?
@mairasiqueira5165
@mairasiqueira5165 Месяц назад
Caviar 🤝🤝🤝🤝🤝🤝🇮🇹🇮🇹🇮🇹🇮🇹🇮🇹🇮🇹🇮🇹🤴🤴🤴🤴
@Chris-el4hd
@Chris-el4hd 4 месяца назад
interesting. Rich people food app, vs poor people food app.
@DeliaSlucutt
@DeliaSlucutt 7 месяцев назад
He should do an MBA defo 😂
@kennethgimpayan3418
@kennethgimpayan3418 7 месяцев назад
amazing story. if only.... hahah
@saratemp790
@saratemp790 7 месяцев назад
Everytime i tried to get a business started, my friends flaked out. My friends sucked.
@emeksb4823
@emeksb4823 7 месяцев назад
Maybe we can be friends to start up something.
@saratemp790
@saratemp790 7 месяцев назад
@@emeksb4823 ha ha. Maybe. Actually I'm too old now, don't have the energy.
@emeksb4823
@emeksb4823 7 месяцев назад
@@saratemp790 ok no worries.
Далее
Passat CC на 300 л.с. Начало проекта!
1:22:50