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MariaDB is out of cash and losing $12 million per quarter. Would you also throw in your savings next quarter to pay for the new losses? And the next quarter? A
by pavlov 3y ago
MariaDB is out of cash and losing $12 million per quarter.
Would you also throw in your savings next quarter to pay for the new losses? And the next quarter? And after that?
Paying $30M today isn’t enough when the business is making heavy losses and nearly out of money. You need to have a plan to either raise a lot more money very soon, cut costs, or probably both. Employees aren’t well positioned to do either.