DoorDash CFO Has Dashed

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After only one year with the company, DoorDash CFO Mike Dinsdale has hopped to the next job. As a matter of fact, TechCrunch reported that Dinsdale has actually been gone from the company for about four months, and is only now gearing up to begin his journey at Gusto.

According to the report, the executive is taking a position with Gusto (formerly ZenPayroll), a San Francisco-based human resources, payroll and benefits service that enables businesses to conduct payroll activities from any web-enabled device.

That’s a bit of a departure from DoorDash, a food ordering and delivery startup (also San Francisco-based) that connects customers with local businesses through a digital marketplace and delivery system. DoorDash’s on-demand delivery service is decidedly consumer-facing, while Gusto’s payroll and HR activity takes place behind the scenes.

However, Dinsdale’s career as a CFO has carved a path through a variety of companies, so he’s no stranger to new environments. Before DoorDash, the most recent of these was DocuSign, where Dinsdale spent six years. He also put in seven years as CFO for Velocity11, showing that he’s not a serial job hopper.

It’s not clear what specific opportunity pulled Gusto away from DoorDash after such a short span of time; a spokesperson told TechCrunch only that Dinsdale had been helpful in building out the finance team and improving the startup’s financial planning process.

When signing on with DoorDash, Dinsdale told Business Insider that he had taken five months off to weigh his options before determining that the then-three-year-old food delivery startup stood out to him as a company that could continue to be relevant over the next 20 years.

“Maybe one of the most important things for businesses like this is just the ability to raise money,” Dinsdale told Business Insider at the time. “The ability to do that is important in a CFO for companies that are building out marketplaces. You have a curve that becomes profitable over time, but certainly breaking into markets does cost money, as does continuing to develop products.”

Perhaps, then, it was always his plan to set DoorDash on the right financial track at a key point in its life cycle – namely, the hyper-growth stage – before moving on to other things. As of yet, neither Dinsdale nor Gusto has made any public comment on the matter.



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