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Tony Xu said DoorDash's seed round was the harest to raise. - Business Insider

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Tony Xu, the founder and CEO of $13 billion DoorDash, said the hardest funding round to raise was the first. Here's what he learned from the experience.

The hardest funding round DoorDash CEO Tony Xu ever had to raise for his company was its seed round, he told Business Insider in a recent interview.

DoorDash was part of Y Combinator's accelerator program, raised seed funding after that, and has since gone on to raise seven formal rounds of venture financing — bringing in some $2 billion altogether. The company "Our seed round was by far most the difficult round of financing," Xu said. By the time the company finally secured the funds, DoorDash "was days, weeks away from running out of cash," he added.

Not long after that, Xu and DoorDash finally secured the financing.. Keith Rabois, then at Khosla Ventures, and Saar Gur of Charles River Ventures, decided to co-lead a $2.5 million seed round for the company andHe learned lessons from the experience

 

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