Yeah the problem is that the average rat lives for less than four years, which doesn't let them see multiple market cycles. We must selectively breed or biologically engineer longer lived rats or else we will be curve fitting for a single market regime.
Yes they have done great work and discovered some really cool stuff, but they have not been able to commercialize it. That's what a CEO/management chain should ultimately be measured by, not whether they've built a great Xerox style research PARC.
Those kinds of people are generally stuck at a lower level. L7/8/9 is very much a political game. To get there (generally) you need to make your entire org/company look very good, and generally to make your team look good you need to work well with them so that you can convince them to work on the high impact projects that you identify.
I was there until the end. It was definitely fading into obscurity but still had >50% of peak numbers. And we were switching to C++ in the last year or so.
Yeah, Jump got on the map by being the first Chicago prop shop with a microwave line between Chicago and New York. They dominated the equity basis trade for a while.
Keeping your name out of the press and staying secretive is incredibly important and I'm shocked that they didn't just throw a fair amount of cash to this guy directly or offer it up as a donation to some Carl Sagan foundation (and offer to let him keep his e-mail address). $200k for a shop like that is literally the shells of peanuts and worth it to keep your name out of people's mouths.
Have you ever seen the OSINT where people figured out that the badges of certain military programs gave away the reason for their existence? https://www.nytimes.com/2008/04/01/world/americas/01iht-pent... , this feels like one of those moments...wormhole.com for cryptos, LOL.
Monday.com spent $191 million in marketing to get $161 million in revenue in 2020. Granted they are only spending $1.2 in marketing per dollar in revenue now so they are doing better than the $1.5 per $1 they had last year in 2019. GnA bumped by $40 million and that brings them more in line with the 2019 marketing cost/revenue ratio though so maybe they creatively characterized GnA.
If their market cap is above 3 dollars I wouldn't touch the stock.
Spending 190 million once for customers paying 160 million a year is maybe not a bad deal. Often large saas companies have positive net revenue retention.
"Additionally, our Net Dollar Retention rate for all of our customers was 100%, 105% and 107% for the three months ended December 31, 2019 and 2020 and March 31, 2021"
True. I agree with your sentiment and very unlikely touch the stock even if they go much lower than 3B. But sales and marketing expenses is something they can cut down once they reach a certain size. Cost of revenue and R&D expenses seem great.
I'm probably not understanding something. How is $250k ARR enough to build a team with? I would think you would need to be a magnitude higher at least to support a team off of that, especially if you are bootstrapped and have no cash reserves.
I agree that $250k ARR is not an revenue level to build a team around.
But $250k ARR in 10 months, makes it very likely that it will be far over $500k in another year.
This means that the next 12 months one of the priorities will be building a stable team to support the growing customer base.
Depending on the vision and the pace they widh to grow, this can be focussed on more sales, more engineering, more support, etc.
