3 ms·
> were gearing up to be a more attractive target for an exit An "exit" from the public market?
by jen20 11mo ago
> were gearing up to be a more attractive target for an exit
An "exit" from the public market?
- everfrustrated 11mo agoYes. They were burning the cash they raised from IPO as weren't profitable and no real path to profitability. Needed to find a buyer to take private as the other option - raise debt or print shares - wasn't going to happen as the share price had massively tanked and wasn't going to go up any time soon. Hopefully mitchellh will write a book about Hashicorp some time. Would be fascinating to read the inside take.