Quote:
Originally Posted by BestXXXPorn
Wow $80 mil... that funding was not spent correctly :P
On top of that, bad timing ...  |
hah, yeah, no shit. in fact, the week after the 1st round of financing, i believe that one was ~$10m or so, all the owners were driving new cars- corvette convertible, porsche boxster, etc.
then when the big round came through, they leased several floors of prime office space in downtown san diego, redoing the interior. our burn rate at that point was over $1m every 2 days, we were set for a nice ipo when the internet bubble burst. then it was all over and my stock options were kaput.