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They've raised $670 million??? It's a SaaS product. In what world would they need close to that much money? Am I missing something? Or do companies really jus
by paholg 3y ago
They've raised $670 million???
It's a SaaS product. In what world would they need close to that much money? Am I missing something?
Or do companies really just raise as much money as possible, and hire assuming they'll be endlessly exponentially growing, regardless of what they need to build their product?
- dopeboy 3y agoYou raise money to hire talent, market your product, and secure optionality in case iteration #1 doesn’t work out. The more money you have, the better you can do each of those individual things. “Just a SaaS” is reductive.