PagerDuty S-1 • Hacker News Board

Re: PagerDuty S-1

#191

Post by neom » Sun, Mar 17, 2019, 6:36 AM UTC

toomuchtodo wrote: post #190

neom wrote: post #189

Earlier quoted context omitted.

What lenders you are specifically referring to?

Subprime credit cards: https://www.cardrates.com/advice/list-of-subprime-credit-car... Subprime auto lenders: https://www.cyberleadinc.com/subprime-auto-lenders/ Nonprime mortgage lenders: https://www.nonprimelenders.com/lenders/ Prime = good borrower. Subprime/nonprime = not a good borrower. Just quick examples, lots more out there. It is incredibly difficult not to qualify for credit entirely. Someone, somewhere wi…

Oh boy, ok. Just making sure that's what you'd say. Good luck out there pops.

Re: PagerDuty S-1

#192

Post by motakuk » Sun, Mar 17, 2019, 10:10 AM UTC

ec109685 wrote: post #188

motakuk wrote: post #181

Earlier quoted context omitted.

Charged only for on-call persons. So should be less comparing to other tools. Example: if you have 50 engineers and only 2 of them are on-call per sliding week, you'll be charged for 2.

Ohhhh, that is much better. Totally agree that is fair given there is a cost to actually page someone. Nice work!

Thanks!

Re: PagerDuty S-1

#193

Post by walshemj » Sun, Mar 17, 2019, 10:01 PM UTC

miketery wrote: post #130

walshemj wrote: post #117

Why would any sane person buy shares with this power vested in the board "authorize our board of directors to issue, without further action by the stockholders, shares of undesignated preferred stock with terms, rights, and preferences determined by our board of directors that may be senior to our common stock;"

I believe this is how it typically works. The board is hired by the shareholders to act in their interest. The board has a lot of powers. The shareholder if unhappy with the boards performance can fire the board.

Did you not read the bit without further reference to share holders - the board can issue new shares to dilute existing share holders.

Re: PagerDuty S-1

#194

Post by walshemj » Sun, Mar 17, 2019, 10:03 PM UTC

sporter wrote: post #128

walshemj wrote: post #117

Why would any sane person buy shares with this power vested in the board "authorize our board of directors to issue, without further action by the stockholders, shares of undesignated preferred stock with terms, rights, and preferences determined by our board of directors that may be senior to our common stock;"

This language describes "blank check" preferred stock -- which about 98% of IPO companies have in their governing docs. So, while you might not agree with the philosophy behind it, if it is a veto item on investing, you will have a pretty limited portfolio. See page 12 of this IPO study https://alerts.davispolk.com/10/3818/uploads/2018-non-contro...

Id rather stick to shares where shareholders have to agree to disallowing pre-emption rights.