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What will they use the money for? If they're not expanding, and are profitable (and so don't need to cover running costs), I can only guess at retiring founder
by hyp0 12y ago
What will they use the money for? If they're not expanding, and are profitable (and so don't need to cover running costs), I can only guess at retiring founder debt.
- SurfScore 12y agoThey said they aren't profitable, they're hiring too quickly for that. They're using the money to hire quicker, just like most other people use investment for.
- mhartl 12y agoThey're expanding. It's a land grab, so gaining market share is more important than profitability. Spolsky wrote about it here: http://www.joelonsoftware.com/items/2010/02/14.html http://www.joelonsoftware.com/items/2010/02/14.html