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They're a paid service. Why do they need so much extra funding?! There's definitely going to be a feature creep and annoying changes. Time to consider the alt
by scarfacedeb 5y ago
They're a paid service. Why do they need so much extra funding?!
There's definitely going to be a feature creep and annoying changes.
Time to consider the alternatives again :(
- deleted 5y ago[deleted]
- novok 5y agoBecause they want to make new products and become the privacy company.
- qeternity 5y ago> Why do they need so much extra funding?! They've also (supposedly) been profitable since inception. It's likely that this round has a significant secondary, which means they're just cashing out part of a profitable business.
- nlh 5y agoExactly. An increasingly common thing lately is what’s effectively a “private IPO”. That’s what this sounds like - liquidity for investors / staff, and ownership to a small cadre of professionally managed funds vs. the Wild West open markets.
- qeternity 5y agoFunny, "private IPO" is exactly what I said to someone I was discussing these types of rounds with. Going public has very tangible costs, but also massive intangible costs. Private markets are extremely frothy and keep ownership and control within an aligned group of investors. This can make all the difference in the world to management.
- f311a 5y agoNot only profitable, but also bootstrapped business. They decided to go for VC money a few years ago.