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Brian from Backblaze here. This is EXACTLY one of the reasons we released the information. People would write about Backblaze and say we were losing money and

Brian from Backblaze here. This is EXACTLY one of the reasons we released the information. People would write about Backblaze and say we were losing money and it was an unsustainable business funded by deep pockets. That was frustrating to hear because we self-funded the company for years (no VCs) and I assure you there are no deep pockets here. So we released the info on the pods partly so we could point at it and say "see, the math really DOES work!"

harel 12y ago
That: no VCs. That is a sign of a healthy company if you can do it without someone else's money (read: selling your soul for cash). I often see people with an idea worrying more about getting VC money than executing the idea and I can never understand it. If your idea is solid you don't need external money. There are valid reasons to chase it (facilitating rapid growth for example) but I rarely see VC money sought after for the right reasons.