7 ms·

There goes the competitive pricing...

• singlow 5y ago
  Right, because the existing owners were giving you that price as a favor, and now the evil stockholders will demand that they chase away all of their customers by raising prices.
  • rudian 5y ago
    Yes. Everything you said is correct. Often startups sell at a loss, this is not news.
  • onion2k 5y ago
    Typically existing owners have been spending those sweet, sweet VC bucks that go on "growth hacking", and after an exit event the business switches to actually trying to make some money instead of pretending MAUs are better than money for whatever reason they like this week. In the case of Backblaze they've only raised $5.3m over three rounds so that's unlikely. There wouldn't be much VC cash to hack growth with after 14 years.