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I don't have data but I have a feeling they made the mistake of acting like a corporation while they were a startup. When you do that, you spend $100M. Raisin
by robot 13y ago
I don't have data but I have a feeling they made the mistake of acting like a corporation while they were a startup.
When you do that, you spend $100M.
Raising $100M is OK but you must save it and wait until you are sure the market is picking up.
You should act very nimble. Possibly a very thin management layer, %90 engineers. Near zero marketing and attendance to marketing events. Just silent focus on IP.
Like I said I have no data and probably some substantial amount had to be spent in HW manufacturing, but it feels like they overspent the money, and acted without being sure the time has come for the market.
- wmf 13y agoFor $55M they designed two fairly sophisticated processors and were working on the third generation. It's possible they could have been leaner, but I don't know by how much.
- rdmckenzie 13y ago"designed two processors". No. We had working A0 production runs of two chips, with a the A0 of the third generation in the post when we closed. Leaner? Not really. Sales team was three people more the executives, everyone else was engineering. Meaner? Who on earth pulls off two working A0 runs?