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According to Drew Houston at Websummit last week, they haven't spent any of that money.
by nakedrobot2 13y ago
According to Drew Houston at Websummit last week, they haven't spent any of that money.
- rhizome 13y agoSo all of their acquisitions and burn has come from (crunchbase caveat) ~7MM? There's some missing pieces to be sure, but suffice it to say that having that much cash in your back pocket allows a different set of considerations.
- emdowling 13y agoDrew said the same thing at TC Disrupt in SF this year. Reading between the lines: All the acquisitions and ability to pay 300+ staff without needing to touch a massive $250 million pot of money is basically telling the market (eg: Box): "We can play the enterprise game very well and have the revenue to prove it"