Will Shu: Difference between revisions
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==Early life and education== |
==Early life and education== |
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He was born in December 1979,<ref>{{cite web|url=https://beta.companieshouse.gov.uk/company/08167130/officers |title=ROOFOODS LTD - Officers (free information from Companies House) |website=Beta.companieshouse.gov.uk |date= |accessdate=2017-01-25}}</ref> in [[Connecticut]], to Chinese parents.<ref>{{cite web|author=Samuel Fishwick |url=http://www.standard.co.uk/lifestyle/esmagazine/deliveroo-founder-will-shu-were-part-of-the-lexicon-in-this-country-a3270571.html |title=Deliveroo founder Will Shu: 'We're part of the lexicon in this country|website=Standard.co.uk |date=2016-06-16 |accessdate=2017-01-25}}</ref> In 2001, Shu received a bachelor's degree from [[Northwestern |
He was born in December 1979,<ref>{{cite web|url=https://beta.companieshouse.gov.uk/company/08167130/officers |title=ROOFOODS LTD - Officers (free information from Companies House) |website=Beta.companieshouse.gov.uk |date= |accessdate=2017-01-25}}</ref> in [[Connecticut]], to Chinese parents.<ref>{{cite web|author=Samuel Fishwick |url=http://www.standard.co.uk/lifestyle/esmagazine/deliveroo-founder-will-shu-were-part-of-the-lexicon-in-this-country-a3270571.html |title=Deliveroo founder Will Shu: 'We're part of the lexicon in this country|website=Standard.co.uk |date=2016-06-16 |accessdate=2017-01-25}}</ref> In 2001, Shu received a bachelor's degree from [[Northwestern University]]. His first job was with [[Morgan Stanley]] in [[New York City|New York]] as an investment banking analyst in 2001. Shu returned to the [[United States]] in 2010 to attend business school<ref>{{Cite news|url=https://startups.co.uk/will-shu-how-i-went-from-investment-banker-to-founder-of-200m-backed-tech-start-up-deliveroo/|title=Will Shu: From banker to founder Deliveroo {{!}} Startups|date=2016-08-05|work=Startups.co.uk: Starting a business advice and business ideas|access-date=2018-02-27|language=en-GB}}</ref> and received an MBA from [[Wharton Business School]] in 2012.<ref>{{cite web|url=https://www.crunchbase.com/person/shu-william#/entity|title=William Shu|website=Crunchbase.com|accessdate=2017-01-25}}</ref> |
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==Career== |
==Career== |
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Before founding Deliveroo, Shu worked as analyst for [[S.A.C. Capital Advisors]] and ESO Capital, and as an investment banker at |
Before founding Deliveroo, Shu worked as analyst for [[S.A.C. Capital Advisors]] and ESO Capital, and as an investment banker at Morgan Stanley. He founded [[Deliveroo]] in 2013 with childhood friend and software engineer [[Greg Orlowski]].<ref name="Deliveroo leaflet">{{cite web|url=http://ec.europa.eu/information_society/newsroom/image/document/2016-6/deliveroo_13855.pdf|title=Introduction to Deliveroo|date=4 February 2016|access-date=12 November 2016|website=European Commission}}</ref><ref name="theguardian1">{{cite news|author=Zoe Wood |url=https://www.theguardian.com/business/2016/aug/11/deliveroo-investment-company-unicorn-status |title=Deliveroo founder Will Shu drives company towards 'unicorn' status |newspaper=[[The Guardian]] |date= |accessdate=2017-01-25}}</ref> Shu had the idea to start Deliveroo while working in Morgan Stanley's London office and seeing the lack of delivery options while working late nights.<ref name="theguardian1" /><ref>{{Cite news|url=http://www.wired.co.uk/article/startup-of-the-week-deliveroo|title=Startup of the Week: Deliveroo|last=WIRED|access-date=2018-02-27}}</ref> Shu worked as the company's first delivery person, delivering food every day for the first eight months in order to understand the customer experience.<ref name=":0">{{Cite news|url=https://startups.co.uk/will-shu-how-i-went-from-investment-banker-to-founder-of-200m-backed-tech-start-up-deliveroo/|title=Will Shu: From banker to founder Deliveroo {{!}} Startups|date=2016-08-05|work=Startups.co.uk: Starting a business advice and business ideas|access-date=2017-11-21|language=en-GB}}</ref> |
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Deliveroo operated in London for the first two years, growing via word of mouth. In 2015, the company expanded internationally to Paris, Berlin and Dublin.<ref name=":0" /> Deliveroo reached a valuation of more than £1.5 billion in November 2017, operating in 12 countries and more than 150 cities.<ref>{{Cite news|url=https://techcrunch.com/2017/11/17/food-delivery-upstart-deliveroo-adds-another-98m-to-its-latest-round-now-at-480m/|title=Food delivery upstart Deliveroo adds $98M to its Series F, now totals $480M|last=Lunden|first=Ingrid|work=TechCrunch|access-date=2017-11-21|language=en}}</ref><ref>{{Cite news|url=http://www.businessinsider.com/deliveroo-founder-will-shu-ipo-2017-11?r=UK&IR=T|title=Will Shu, the founder of $2 billion Deliveroo, said an IPO is 'somewhat logical' for the company|work=Business Insider|access-date=2017-11-21|language=en}}</ref> |
Deliveroo operated in London for the first two years, growing via word of mouth. In 2015, the company expanded internationally to Paris, Berlin and Dublin.<ref name=":0" /> Deliveroo reached a valuation of more than £1.5 billion in November 2017, operating in 12 countries and more than 150 cities.<ref>{{Cite news|url=https://techcrunch.com/2017/11/17/food-delivery-upstart-deliveroo-adds-another-98m-to-its-latest-round-now-at-480m/|title=Food delivery upstart Deliveroo adds $98M to its Series F, now totals $480M|last=Lunden|first=Ingrid|work=TechCrunch|access-date=2017-11-21|language=en}}</ref><ref>{{Cite news|url=http://www.businessinsider.com/deliveroo-founder-will-shu-ipo-2017-11?r=UK&IR=T|title=Will Shu, the founder of $2 billion Deliveroo, said an IPO is 'somewhat logical' for the company|work=Business Insider|access-date=2017-11-21|language=en}}</ref> |
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Shu famously continues to work shifts as a Deliveroo driver, delivering food around London every few weeks.<ref>{{Cite news|url=http://www.businessinsider.com/will-shu-deliveroo-workers-rights-employment-status-ruling-2017-11|title=Will Shu talks about the workers' rights litigation that threatens $2 billion Deliveroo|work=Business Insider|access-date=2017-11-21|language=en}}</ref> |
Shu famously continues to work shifts as a Deliveroo driver, delivering food around London every few weeks.<ref>{{Cite news|url=http://www.businessinsider.com/will-shu-deliveroo-workers-rights-employment-status-ruling-2017-11|title=Will Shu talks about the workers' rights litigation that threatens $2 billion Deliveroo|work=Business Insider|access-date=2017-11-21|language=en}}</ref> |
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=== Criticism === |
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Shu received criticism for raising his personal salary to £125,000 a year, a 22.5% increase, amidst the employee dispute over workers’ status and company losses in 2016.<ref name=":1">{{Cite web|url=http://www.theguardian.com/business/2017/sep/21/deliveroo-boss-gives-himself-225-rise-amid-battle-over-riders-pay|title=Deliveroo boss Will Shu gives himself 22.5% rise amid battle over riders' pay|last=Butler|first=Sarah|date=2017-09-21|website=the Guardian|language=en|access-date=2018-02-27}}</ref> Administrative expenses, such as hiring new staff and a fancy new London office, multiplied from £28.8m to £142.2m, resulting in a large loss.<ref>{{Cite news|url=https://www.telegraph.co.uk/technology/2017/09/21/deliveroo-revenues-grow-600pc-losses-stack/|title=Deliveroo revenues grow over 600pc but losses stack up|last=Titcomb|first=James|date=2017-09-21|work=The Telegraph|access-date=2018-02-27|language=en-GB|issn=0307-1235}}</ref> In addition, Shu gave out close to £4.5m in share bonuses to directors and hundreds of other head office staff.<ref name=":1" /><ref>{{Cite web|url=https://corporatewatch.org/deliveroo-wheres-the-money/|title=Deliveroo: where’s the money? – Corporate Watch|website=corporatewatch.org|language=en-US|access-date=2018-02-27}}</ref> |
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Deliveroo was one of many [[Gig economy|gig economy companies]] facing legal challenges over their business models in Britain. The case against Deliveroo involved 45 riders.<ref>{{Cite news|url=http://www.businessinsider.com/deliveroo-riders-leigh-day-tribunal-employment-rights-2017-11?r=UK&IR=T|title=45 Deliveroo riders are taking legal action against the company over their employment status|work=Business Insider|access-date=2018-02-27}}</ref> |
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{{Further|Deliveroo#Strike}} |
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==Personal life== |
==Personal life== |
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Revision as of 16:42, 27 February 2018
Will Shu | |
|---|---|
| Born | William Shu December 1979 (age 44) Connecticut, United States |
| Nationality | American |
| Alma mater | Northwestern University Wharton Business School |
| Known for | co-founder and CEO of Deliveroo |
William Shu (born December 1979) is an American businessman, the co-founder and CEO of Deliveroo, a British online food delivery company with operations spread across eighty-four cities.
Early life and education
He was born in December 1979,[1] in Connecticut, to Chinese parents.[2] In 2001, Shu received a bachelor's degree from Northwestern University. His first job was with Morgan Stanley in New York as an investment banking analyst in 2001. Shu returned to the United States in 2010 to attend business school[3] and received an MBA from Wharton Business School in 2012.[4]
Career
Before founding Deliveroo, Shu worked as analyst for S.A.C. Capital Advisors and ESO Capital, and as an investment banker at Morgan Stanley. He founded Deliveroo in 2013 with childhood friend and software engineer Greg Orlowski.[5][6] Shu had the idea to start Deliveroo while working in Morgan Stanley's London office and seeing the lack of delivery options while working late nights.[6][7] Shu worked as the company's first delivery person, delivering food every day for the first eight months in order to understand the customer experience.[8]
Deliveroo operated in London for the first two years, growing via word of mouth. In 2015, the company expanded internationally to Paris, Berlin and Dublin.[8] Deliveroo reached a valuation of more than £1.5 billion in November 2017, operating in 12 countries and more than 150 cities.[9][10]
In February 2016, Orlowski, who had been working as Deliveroo's chief technology officer, left "to spend more time with his wife in Chicago after the birth of their daughter".[11]
Shu famously continues to work shifts as a Deliveroo driver, delivering food around London every few weeks.[12]
Criticism
Shu received criticism for raising his personal salary to £125,000 a year, a 22.5% increase, amidst the employee dispute over workers’ status and company losses in 2016.[13] Administrative expenses, such as hiring new staff and a fancy new London office, multiplied from £28.8m to £142.2m, resulting in a large loss.[14] In addition, Shu gave out close to £4.5m in share bonuses to directors and hundreds of other head office staff.[13][15]
Deliveroo was one of many gig economy companies facing legal challenges over their business models in Britain. The case against Deliveroo involved 45 riders.[16]
Personal life
Shu is single and lives in Notting Hill, London.[6]
References
- ^ "ROOFOODS LTD - Officers (free information from Companies House)". Beta.companieshouse.gov.uk. Retrieved 2017-01-25.
- ^ Samuel Fishwick (2016-06-16). "Deliveroo founder Will Shu: 'We're part of the lexicon in this country". Standard.co.uk. Retrieved 2017-01-25.
- ^ "Will Shu: From banker to founder Deliveroo | Startups". Startups.co.uk: Starting a business advice and business ideas. 2016-08-05. Retrieved 2018-02-27.
- ^ "William Shu". Crunchbase.com. Retrieved 2017-01-25.
- ^ "Introduction to Deliveroo" (PDF). European Commission. 4 February 2016. Retrieved 12 November 2016.
- ^ a b c Zoe Wood. "Deliveroo founder Will Shu drives company towards 'unicorn' status". The Guardian. Retrieved 2017-01-25.
- ^ WIRED. "Startup of the Week: Deliveroo". Retrieved 2018-02-27.
- ^ a b "Will Shu: From banker to founder Deliveroo | Startups". Startups.co.uk: Starting a business advice and business ideas. 2016-08-05. Retrieved 2017-11-21.
- ^ Lunden, Ingrid. "Food delivery upstart Deliveroo adds $98M to its Series F, now totals $480M". TechCrunch. Retrieved 2017-11-21.
{{cite news}}: no-break space character in|title=at position 70 (help) - ^ "Will Shu, the founder of $2 billion Deliveroo, said an IPO is 'somewhat logical' for the company". Business Insider. Retrieved 2017-11-21.
- ^ Jamie Nimmo (2016-02-29). "Deliveroo loses co-founder and tech boss as Greg Orlowski quits | London Evening Standard". Standard.co.uk. Retrieved 2017-01-25.
- ^ "Will Shu talks about the workers' rights litigation that threatens $2 billion Deliveroo". Business Insider. Retrieved 2017-11-21.
- ^ a b Butler, Sarah (2017-09-21). "Deliveroo boss Will Shu gives himself 22.5% rise amid battle over riders' pay". the Guardian. Retrieved 2018-02-27.
- ^ Titcomb, James (2017-09-21). "Deliveroo revenues grow over 600pc but losses stack up". The Telegraph. ISSN 0307-1235. Retrieved 2018-02-27.
- ^ "Deliveroo: where's the money? – Corporate Watch". corporatewatch.org. Retrieved 2018-02-27.
- ^ "45 Deliveroo riders are taking legal action against the company over their employment status". Business Insider. Retrieved 2018-02-27.
Categories:
- 1979 births
- Living people
- People from London
- American expatriates in the United Kingdom
- American investment bankers
- Morgan Stanley employees
- People from Connecticut
- American chief executives
- American people of Chinese descent
- Northwestern University alumni
- American company founders
- Wharton School of the University of Pennsylvania alumni
- American chief executives of food industry companies