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Speaking to a room full of CEOs at a summit, the CEO of Chegg once said "If you are raising a series F, it means what you think it means."
by rsweeney21 8y ago
Speaking to a room full of CEOs at a summit, the CEO of Chegg once said "If you are raising a series F, it means what you think it means."
- dpflan 8y ago:) Is there a break down somewhere of what each series should signify?
- dpflan 8y agoStarting a list: > https://www.investopedia.com/articles/personal-finance/102015/series-b-c-funding-what-it-all-means-and-how-it-works.asp https://www.investopedia.com/articles/personal-finance/10201... > https://medium.com/datadriveninvestor/understanding-startup-valuation-a393f6fadc6f https://medium.com/datadriveninvestor/understanding-startup-...
- lquist 8y agoThis. The only exception being if the round is measured in billions. Cf Uber, etc.
- btian 8y agoWhat does it mean? Tesla raised Series F in 2009, and it's still alive.
- adventured 8y agoWorkday also raised a series F. They're presently worth $42 billion with $2.1b in sales, 172% sales growth over three years, and are likely set to be another enterprise software juggernaut. It clearly doesn't inherently mean anything. What matters is whether the business is growing properly versus the capital being consumed. If more capital will reasonably accelerate growth further, feed the business more capital (depending on what the owners want to pursue of course).
- Aeolun 8y agoAnd I’ve recently used it for the first time, and it’s only marginally less horrible than the Oracle stuff. How does all enterprise HR software end up so horrible?
- delfinom 8y agoSales people bending over to every single of their enterprise's customers demands to make a sale (and get their commission). And engineering wanting to kill themselves and just duct taping on all the nonsense sales forces on them.