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Does anyone else wonder why if you're profitable on a $3MM a year revenue with 34 staff you're off raising money? Ryan Carson is a very well seasoned businessm
by TamDenholm 15y ago
Does anyone else wonder why if you're profitable on a $3MM a year revenue with 34 staff you're off raising money?
Ryan Carson is a very well seasoned businessman which i assume is more than financially capable of putting money into a business and clearly has what you'd easily define as a successful business, to me it seems like theres some kind of weakness somewhere if based on those very advantageous circumstances you need to go out and raise money.
- btucker 15y agoCashflow. You need a lot of extra profit to be able to hire 10 new people. Clearly they don't want to expand organically over time, but perceive a near-term opportunity, and are using outside investors to allow them to grow the company to the next phase.
- ryancarson 15y agoExactly.
- davidmr 15y ago$3MM with 34 mouths to feed and families to insure, an office to maintain, and infrastructure to build out doesn't exactly seem like a lot of money.