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It's unclear to me why you're taking more funding on such bad terms. You have 130M ARR and are only ~10% short of break-even at ~1M burn/mo, just tighten up th
by pengaru 4y ago
It's unclear to me why you're taking more funding on such bad terms.
You have 130M ARR and are only ~10% short of break-even at ~1M burn/mo, just tighten up the business and clean house a bit?
- susanwise 4y agoIt because that's the burn number we will be at by the end of year, lots of cost cutting work to reach that number. And new investor is willing to write the check to execute on this plan but will get their fair share of skin for the risk.