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What about being profitable? If you need 620M to keep the company alive what will happen next time?
by xmorse 5y ago
What about being profitable? If you need 620M to keep the company alive what will happen next time?
- Aeolun 5y agoFire all developers and rest on your laurels for many, many years? But of course they can’t do that because VC, right?
- hodgesrm 5y agoIt's not enough to be profitable (which they claimed to be in 2021). But even if they are profitable, it's unlikely they generate a lot of cash. For a secure future you also want a nice pot of cash to be able to make investments and to weather dips in the market.
- deleted 5y ago[deleted]
- AlexandrB 5y agoYeah, I'm much more worried about their future now than I was 5 years ago. Having to justify a $6B valuation for a password manager means making risky moves into new markets that may not pan out. If things don't go well, AgileBits will be sold for parts. Perhaps to the same kinds of vultures who own LastPass and TravisCI.