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It says "they've entirely derisked capital" and now ~6 months later they raised twice as much. Lying is a strong word but that post clearly wasn't accurate at
by treis 2mo ago
It says "they've entirely derisked capital" and now ~6 months later they raised twice as much. Lying is a strong word but that post clearly wasn't accurate at the time.
They've raised a lot of money and there will be pressure for an exit sooner rather than later.
- rincebrain 2mo agoI don't think that's necessarily true. You can be cashflow positive and still benefit from having a larger pool of cash to throw around, particularly in any situation involving hardware manufacturing. If you tell your investors "our limiting factor is how fast we can spend to deliver on additional requirements for these new customers", then it can both be true that you're not going to miss payroll for 5 years no matter what happens tomorrow and more cash would be beneficial.
- treis 2mo agoNo, it's not necessarily true but it is a well trod path.
- kaliszad 2mo agoLook at how much the components cost 6 months ago and now. That may explain why some calculations shifted considerably. It may be an act of keeping up with the market and having some reserve.