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"Peter Thiel, was already an investor but agreed to step up its support.." Looks like Thiel came to the rescue when Postmates was not able to raise fund from a
by achow 10y ago
"Peter Thiel, was already an investor but agreed to step up its support.."
Looks like Thiel came to the rescue when Postmates was not able to raise fund from anywhere else.
>I wonder if they would have raised from Thiel if they were in a position of strength, and had other options.
Seems like Postmates did try raising from somewhere else first - at higher valuation perhaps, but maybe they were getting devalued?