8 ms·
Dang....they just raised $7.5m in February? http://venturebeat.com/2014/02/10/calpont-renames-itself-infinidb-takes-7-5m-to-suit-up-for-database-wars/ http://ve
by scottkrager 12y ago
Dang....they just raised $7.5m in February? http://venturebeat.com/2014/02/10/calpont-renames-itself-infinidb-takes-7-5m-to-suit-up-for-database-wars/ http://venturebeat.com/2014/02/10/calpont-renames-itself-inf...
Curious if they are returning money to VC's or just really burned through that much in 7 months...
- psaintla 12y agoI once worked at a startup that burned through 3x that in about six months. 7.5m in six months is entirely possible.
- rdtsc 12y agoOn what? Did they hire all their friends and payed them huge salaries and signing bonuses. Fancy hardware?
- Arcanum-XIII 12y agoFor actually being in a company like that it's mostly that and bad overall management - at a time we did have a ratio of two (useless...) PM for on dev. Dev underpaid, PM overpaid (as expert freelance, of course, or with bonus), some huge expense made for stuff that make no sense (branding), negotiating badly some contract so that they cost the company more than they provide... Of course after a while this stop since all these mismanagement corrupt the products too, and pretty fast you're left with a huge black hole for money that doesn't produce anything meaningful.
- notastartup 12y agoMy god building what? 7.5 million dollars in 6 month. I hope it's was worth it.
- meritt 12y agoBuilding retirement packages probably
- pkaye 12y agoI'm guessing they are no longer around?