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In the most recent quarter, Chargepoint had $367M in cash and cash equivalents. These large compensation packages suck a surprising amount of working capital ou
by _ea1k 3y ago
In the most recent quarter, Chargepoint had $367M in cash and cash equivalents. These large compensation packages suck a surprising amount of working capital out of businesses that already do not have huge runways. I'd expect better results if they focused on saving cash and building the business in a lower cost manner.
They are early stage businesses and losses are expected, but they need to focus on the long term and long term compensation plans.