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At $55M in funding they won’t be undercutting anything - quite the opposite, they’ll need to turn a healthy profit or die.
by orasis 7y ago
At $55M in funding they won’t be undercutting anything - quite the opposite, they’ll need to turn a healthy profit or die.
- carbocation 7y agoAt $55M in funding, they can undercut for years, since they won't need to turn a healthy profit for quite some time. For example, Uber and Lyft. (Point being: survival is not just about the long run, but also the short run.)
- adventured 7y agoFurther to that point about undercutting for years, it's not going to be just $55m. If Otonomo have raised ~$55m, it means they have very powerful, very rich backers (Bessemer, NTT, SK, Aptiv). They might realistically have another $100m over the coming years instead, if they continue making progress.