They're a paid service. Why do they need so much extra funding?!
There's definitely going to be a feature creep and annoying changes.
Time to consider the alternatives again :(
There's definitely going to be a feature creep and annoying changes.
Time to consider the alternatives again :(
They've also (supposedly) been profitable since inception. It's likely that this round has a significant secondary, which means they're just cashing out part of a profitable business.
Going public has very tangible costs, but also massive intangible costs. Private markets are extremely frothy and keep ownership and control within an aligned group of investors. This can make all the difference in the world to management.