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out 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 abou
by mikeryan 15y ago
out 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.