We are profitable but in hiring freeze as we wait to see what happens. We were going to IPO last year but decided to delay because the market sucks. Interest rates need to stabilize and the IPO market needs to thaw before sentiment changes.
People don’t get it because money was so cheap for so long, but the key word here is venture - this is extremely risky stuff. Adventurous. Uncertainty and low success rate is supposed to be standard.
If you don’t mind me asking, are y’all doing anything to provide liquidity to common shareholders until an exit event? Aggregating ground truth around what “almost IPOs” are doing.
Yes, we are going to be repricing and giving amazing terms to vested employees