Will Shu

Source: Wikipedia, the free encyclopedia.

Will Shu
Wharton Business School
Known forCo-founder and CEO, Deliveroo
Will Shu
Tâi-lô
Khóo Tsú-siông

William Shu (Chinese: 許子祥; Pe̍h-ōe-jī: Khó͘ Chú-siông, born December 1979) is an American-British businessman, the co-founder and CEO of Deliveroo, an online food delivery company with operations spread across more than 200 cities in 11 countries.[1]

Early life

He was born in December 1979,

the Wharton Business School in 2012.[citation needed
]

Career

Before founding Deliveroo, Shu worked as an analyst for

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]

Controversy

Shu received criticism for raising his personal salary to £125,000 a year, a 22.5% increase, amidst a dispute over riders' status and company losses in 2016.[13] Administrative expenses, such as hiring new staff and a 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 workers companies facing legal challenges over the employment model of its delivery riders. Four court judgements, most recently a Court of Appeal's judgement in 2021, confirmed that Deliveroo's riders are self-employed independent contractors.[16]

Personal life

Shu lives in London.[6]

References

  1. ^ "About Deliveroo". Official website of Deliveroo UK. Retrieved 15 September 2020.
  2. ^ "ROOFOODS LTD - Officers (free information from Companies House)". Beta.companieshouse.gov.uk. Retrieved 25 January 2017.
  3. ^ Samuel Fishwick (16 June 2016). "Deliveroo founder Will Shu: 'We're part of the lexicon in this country". Standard.co.uk. Retrieved 25 January 2017.
  4. ^ "Will Shu: From banker to founder Deliveroo | Startups". Startups.co.uk: Starting a business advice and business ideas. 5 August 2016. Retrieved 27 February 2018.
  5. ^ "Introduction to Deliveroo" (PDF). European Commission. 4 February 2016. Retrieved 12 November 2016.
  6. ^ a b c Zoe Wood. "Deliveroo founder Will Shu drives company towards 'unicorn' status". The Guardian. Retrieved 25 January 2017.
  7. ^ WIRED. "Startup of the Week: Deliveroo". Retrieved 27 February 2018.
  8. ^ a b "Will Shu: From banker to founder Deliveroo | Startups". Startups.co.uk: Starting a business advice and business ideas. 5 August 2016. Retrieved 21 November 2017.
  9. ^ Lunden, Ingrid. "Food delivery upstart Deliveroo adds $98M to its Series F, now totals $480M". TechCrunch. Retrieved 21 November 2017.
  10. ^ "Will Shu, the founder of $2 billion Deliveroo, said an IPO is 'somewhat logical' for the company". Business Insider. Retrieved 21 November 2017.
  11. ^ Jamie Nimmo (29 February 2016). "Deliveroo loses co-founder and tech boss as Greg Orlowski quits | London Evening Standard". Standard.co.uk. Retrieved 25 January 2017.
  12. ^ "Will Shu talks about the workers' rights litigation that threatens $2 billion Deliveroo". Business Insider. Retrieved 21 November 2017.
  13. ^ a b Butler, Sarah (21 September 2017). "Deliveroo boss Will Shu gives himself 22.5% rise amid battle over riders' pay". the Guardian. Retrieved 27 February 2018.
  14. ISSN 0307-1235
    . Retrieved 27 February 2018.
  15. ^ "Deliveroo: where's the money? – Corporate Watch". corporatewatch.org. Retrieved 27 February 2018.
  16. ^ "UK Court of Appeal confirms Deliveroo riders are self employed". Reuters. 24 June 2021. Retrieved 15 August 2022.

External links

Media related to Will Shu at Wikimedia Commons