4 ms·
If they don't IPO, how long until they run out of cash on their current trajectory? I seem to remember the runway was surprisingly short (something like this or
by sudonim 15y ago
If they don't IPO, how long until they run out of cash on their current trajectory? I seem to remember the runway was surprisingly short (something like this or next quarter), in part because of using fundraising to give cash to early investors and insiders.
- mikeryan 15y agoout of their last "uh like a billion" dollar round $810M went back out the door, they only kept $136M for operating expenses and I believe they're at about about a $100M a quarter run rate. So you have to believe the answer is soon. Those G round investors are getting extremely squeezed they need either an IPO or they are faced with having to put another round in to get some additional short term runway. I doubt at this point they're going to have a lot of people lining up to put new money in (or if they do the terms will be pretty generous). There is still a way out if a Google or maybe an Amazon wanted to take a shot at a bid right now. Groupon for $4 billion Anyone? Anyone?
- eric-hu 15y agoTo get Google's attention, they just need to patent the idea of a 50% off coupon.
- felipemnoa 15y ago>>There is still a way out if a Google or maybe an Amazon wanted to take a shot at a bid right now. Groupon for $4 billion Anyone? Anyone? As if. That ship is going down fast and hard.
- VladRussian 15y ago"shotgun IPO"