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They spent only $15M of the nearly $500M in VC they raised to get to a $500M+ ARR business. Let that sink in.
by josephjacks 3y ago
They spent only $15M of the nearly $500M in VC they raised to get to a $500M+ ARR business. Let that sink in.
- casperb 3y ago> …in the operation of our business I don’t know what they mean with that, but they had 100M+ losses and 45M+ negative cashflow in only the last two years. So they used the money but not for “operating”, or got it from somewhere else that is not revenue.