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The free MariaDB software is awesome. Because of that, I am very curious about their business. But looking at their financials, I get the feeling they have a "
by ArtTimeInvestor 3y ago
The free MariaDB software is awesome. Because of that, I am very curious about their business.
But looking at their financials, I get the feeling they have a "too much money" problem.
They are spending about $3M per month on "Research and development".
They are spending about $2M per month on "Sales and marketing".
They are spending about $2M per month on "General and administrative".
At a company valuation of under $50M and monthly revenue of under $5M.
Cutting down on the spending is probably the right thing.
Spending millions per month on sales and marketing and having only $5M MRR to show for it seems like the marketing is not effective.
Spending millions per month on development and not having a killer product that sells itself seems like the development is not effective.