OpenDNS claims openly to be profitable. You're saying this is false?
Your claims of desperation do not jibe with one of the VCs being... Sequoia.
Your claims of desperation do not jibe with one of the VCs being... Sequoia.
Just because something is making money doesn't mean it is making enough money to be worth keeping around. Also, doesn't mean it's making as much money as someone thought it would. The VCs involved may have invested sensing a turnaround opportunity, or to combine OpenDNS with a portfolio company. I'm sure they received favorable terms for their cash.