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I've been apart of two companies who did similar things DOMO is doing and neither ended well. Both had millions of VC money and the CEO burned through it all on
by at-fates-hands 8y ago
I've been apart of two companies who did similar things DOMO is doing and neither ended well. Both had millions of VC money and the CEO burned through it all on executive boxes at several pro teams, remodeling an office that didn't need it, travel expenses, and paying himself exorbitantly.
Because of their spending, both companies slashed their runway in half, and within months, both companies went under before being able to ship a viable product.
I don't see a good outcome for this company.
- foobarbazetc 8y agoThe only difference here is they do have a product. And apparently it’s pretty good? But yeah this isn’t going to end well.