[staticassertion]

IDK, on the one hand it's a late round. On the other, as a CEO, the ability to just immediately raise 325 million dollars is both impressive and appealing. It's insane how far even one million dollars goes, 325 is mind boggling to me.

[hirako2000]

325M isn't all that much when the company has been growing for over 10 years, doubling its staff count every 2 years, with a bunch of VPs added in, supposedly to figure out how to run professionally 100 nerds. It leads to 4 layers made of directors, senior managers and managers below each VP. Those jobs take a decent pay, and a significant cash bonus. Significant travel and other expense coming from sales folks who won't take airbnb for a 3 days trip in NY, 5 stars sheraton please. Add to that it's pretty common to spend 1/3 of the yearly flow into marketing, your IT, HR and accounting departments having itself large IT expense (concur, service now, etc) you end up with a boat burning 325M per year quite easily.

[staticassertion]

325M is a shitload of money. I'm not making a judgment on if it's "enough" or a good sign or whatever. I'm just saying it's an insane amount of money.