3 ms·
A lot of fear, uncertainty, and doubt here. Of course the banks backing out along with the founder is a bad sign. However, quoting "they may expire worthless" f
by djha-skin 4y ago
A lot of fear, uncertainty, and doubt here. Of course the banks backing out along with the founder is a bad sign. However, quoting "they may expire worthless" from an SEC filing and citing that as "evidence" is weak; SEC filings are full of what-if scenarios. From where I sit, $4.8 million in cash is plenty of runway for 100 people, even if it is a bit stiff for California. I'm not saying it won't shut down, but some of the specific arguments about why its demise is coming didn't land with me.
- tmpz22 4y ago> From where I sit, $4.8 million in cash is plenty of runway for 100 people, 4.800.000 / 100 = $48,000 per person. For one year. Not counting all other business expenses like servers. Laptops. Slack. Zoom.
- zaidf 4y ago>From where I sit, $4.8 million in cash is plenty of runway for 100 people LinkedIn shows ~350 employees with about half of them in the US. $4.8 million is far from plenty to pay 300+ employees...not counting lawyers.