2016-11-07
Recode
Postmates' investors converted their preferred stock to common stock at latest funding round, forfeiting their liquidation preferences to help retain employees
Jason Del Rey / Recode : Tweets: @tedr Tweets: Ted Rheingold / @tedr : It's only speculation why they did it, but Im gobsmacked investees would relinquish upside while heavily investing more. Almost ...
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