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A comment on Uber, Postmates Agree on $2.65B All-Stock Deal. Parent comment

Re:Uber, Postmates Agree on $2.65B All-Stock Deal by mardifoufs on Sunday July 05, 2020 @10:46PM (#23744198)
Still surprising that they have managed a ~3x exit. They were raising money at a 1.3b$ 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.
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Re:Uber, Postmates Agree on $2.65B All-Stock Deal by texasbigdata on Sunday July 05, 2020 @10:59PM (#23744264)
Not sure you can do the division like that without knowing what percent of the company the contributed capital represented.
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Re:Uber, Postmates Agree on $2.65B All-Stock Deal by mardifoufs on Monday July 06, 2020 @12:11AM (#23744624)
Oh, yeah that's an embarassing lapsus.To my defense,it seems like most of the equity is owned by investors and not founders, so the average return of the 900m$ 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.
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Re:Uber, Postmates Agree on $2.65B All-Stock Deal by mrnobody_67 on Monday July 06, 2020 @02:51PM (#23751346)
Some investors got wiped out when the company had to do a pay to play, I believe.
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Re:Uber, Postmates Agree on $2.65B All-Stock Deal by throwaway_12351 on Sunday July 05, 2020 @11:05PM (#23744293)
Private equity usually higher than 1 liquidation preference, and if they have participation rights then it is barely only 1x.
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