"I have decided that now is the right time for me to step down,"
"Taking Deliveroo from being an idea to what it is today has been amazing."
"When it comes to entrepreneurship especially, you can't hedge yourself. You have to dedicate yourself 100% to your one idea and be the person that cares about it the most,"
"As part of that, you also have to step outside your comfort zone and take risks. You will learn from the successes and failures and hone your ability to improvise on the fly, which is one of the most important qualities in any entrepreneur."
Will Shu founded Deliveroo in 2013 after experiencing London's lack of late-night food options while working 100-hour weeks as an investment banker. He began by biking orders himself and built the company into a multinational food-delivery platform. Deliveroo agreed to be acquired by DoorDash for around £3 billion (about $4 billion), and Shu holds roughly 6.5% of the business, yielding about $250 million from the deal as he prepares to step down as CEO. Deliveroo faced setbacks including a rocky 2021 IPO with a 30% share plunge. Shu emphasizes full dedication, risk-taking, and improvisation in entrepreneurship.
Read at Fortune
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