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Still surprising that they have managed a ~3x exit. They were raising money at a 1.3b$ valuation as recently as 2018 and to me it seems like Postmates is furt
by mardifoufs 6y ago
Still surprising that they have managed a ~3x exit. They were raising money at a 1.3b$ valuation as recently as 2018 and to me it seems like Postmates is further behind it's competition in terms of growth and market share than it was 2 years ago.
- texasbigdata 6y agoNot sure you can do the division like that without knowing what percent of the company the contributed capital represented.
- mardifoufs 6y agoOh, yeah that's an embarassing lapsus.To my defense,it seems like most of the equity is owned by investors and not founders, so the average return of the 900m$ is probably still around 3x~. It also seems like they have never been valued higher than the price Uber paid for them so odds are few investors got really burnt regardless of when they invested.
- mrnobody_67 6y agoSome investors got wiped out when the company had to do a pay to play, I believe.
- throwaway_12351 6y agoPrivate equity usually higher than 1 liquidation preference, and if they have participation rights then it is barely only 1x.