What's wrong with you people? ~newly hired GitHub COO looking at the books for the first time
Adam Rifkin stashed this in GitHub
Why GitHub decided to raise a giant $100M in venture capital:
To give it a buffer, because the company was running so cash-lean at the time.
It takes $30M to launch an enterprise software product to make $10M/year. Add to that all the initial cost of product-market fit, security, and everything else. That's with the right-smart people. I hope they have the right-smart people, learn from their customers, and make the right decisions.
Either way, good for them, and I hope they do it the right way.
Those are excellent points. GitHub seems to be getting it right, and that's awesome.
Also I love their statement that if you only hire in Silicon Valley, you don't have the best talent: