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March 2020 San Francisco's hip-soma neighborhood.

The streets of America's tech capital are buzzing.

Google and Facebook campus buses lurched down the windy streets past Amazon trucks as bike

messengers whizz by. And they're getting down to business inside the headquarters of postmates.

The food delivery app that promises to bring you whatever you want in under an hour.

CEO Bastion Layman stands at the head of a large table in a glass wall conference room.

He's in his early 40s with brown stubble. A flat cap covers his balding head.

On one side of the table postmates executives in jeans sip lattes. On the other, a row of bankers

and suits fidget with their cufflinks. Layman opens the meeting. You all know why we're here today.

Layman makes eye contact with his co-founder Sean Place. Place pushes his dark glasses up his nose

and tugs it his beard. It's time for us to make a very important decision. We need to decide whether

we're finally going to go public or sell to a competitor. Postmates started nine years ago

and it's been steadily growing ever since. Layman's been thinking about going public for a long time.

The company filed a paperwork a year ago but they've delayed and delayed. And now things look

different. One of the bankers interjects. The markets have been volatile lately. There have been

some fairly disappointing IPOs in the tech sector since postmates decided to go public.

Layman nods in agreement. We work, Uber and Lyft were all highly valued hot startups

just like postmates. None of them had ever turned a profit just like postmates. Then they went public

and saw their valuation drop. Layman furrows his brow. Going public is every founder's dream

but they might need to look for an alternative. Last year we held talks to merge with Uber.

They've got the money to buy us and our product has good synergy with Uber Eats.

...