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by curiousgeorge
6438 days ago
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"Though it has paltry revenues and just 20,000 registered users, the company pays only $8,000 a month to rent its offices in San Francisco and has received $8 million from investors." $8 million? And all they can get is 20,000 registered users??? You've got to be kidding me. "The company raised $35 million three years ago and, thanks to financial prudence, has $20 million in the bank." $5 million burn rate a year for failed company is prudence? ------------------- All reading this sort of coverage does is make me feel that anyone wanting part of our company will have to pay through the nose for it. |
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