5 ms·
I wonder how they'll be able to raise more cash with all this turmoil within the company. Even a 15B [1] cash hoard can't last much longer at this burn rate. [
by ProfessorLayton 9y ago
I wonder how they'll be able to raise more cash with all this turmoil within the company. Even a 15B [1] cash hoard can't last much longer at this burn rate.
[1]https://mobile.nytimes.com/2016/06/21/business/dealbook/why-uber-keeps-raising-billions.html https://mobile.nytimes.com/2016/06/21/business/dealbook/why-...
- mylons 9y agoassuming nothing changes, don't they have 10 more quarters at this burn rate?
- rtx 9y agoPeople are standing in line.
- dx034 9y agoPeople who are willing to take a substantial share at a $70bn valuation? I'm not so sure about that. An IPO could be their only chance to raise significant amounts of capital. They'll need to use the time they have with their current cash balance (~2 years) to look good enough for an IPO.