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Can anyone hazard a guess as to why they'd conceal the amount raised? Genuinely curious as to what the justification might be.
by josh2600 14y ago
Can anyone hazard a guess as to why they'd conceal the amount raised?
Genuinely curious as to what the justification might be.
- jpdoctor 14y agoA better question might be: Why would you advertise how much money you have in the bank to your competitors? You're providing info so they know exactly how much to cut prices and strangle you.
- josh2600 14y agoDoes cutting prices have a lot to do with which how much money you've raised? I hear what you're saying, but disagree with your premise that it's a better point. I think pricing and funding are different conversations. BTW: Looks like they raised 7.6M, which is definitely a 'strategic' investment when looked at in contrast to the 70+M they've already raised. http://techcrunch.com/2012/11/14/intel-capital-and-red-hat-invest-in-10gen-bringing-total-to-76m-for-the-nosql-database-company/ http://techcrunch.com/2012/11/14/intel-capital-and-red-hat-i...
- bsg75 14y agoPossibly because it advertises to potential customers that your company has a measure of stability from capital investment - not going to go bust anytime soon.