Well, some for a long time have been saying Verb needs to
Well, some for a long time have been saying Verb needs to raise money
Guess what?
They've been wrong. Won't ever admit it, but they've been wrong.
Some said Verb barely had enough money to get through Shopfest in July
Guess what?
They've been wrong. Won't ever admit it, but they've been wrong.
A financial analyst that came out with a report after Q2 said Verb has enough money to last through the end of next year. I kind of doubt that, but he's certified and I'm not. Maybe that would work if Verb just slowly grows their business based on positive cash flow.
I've said this a BUNCH of times...
Startup companies raise money all the time. Salesforce did it for a ton of years and even when they weren't a startup.
Private companies go through 3-7 rounds or more of capital raises from Venture Capital companies.
That is how it works with tech companies.
The one issue I have when investing in a company is...
Are they raising to stay in business or to double their business
If they not raising to double their business, I'd be look for a different investment especially if they were soft rolling it and trying to slowly grow organically.
Having started two tech companies, pitched to VCs, bought and merged a bunch of other companies, I have a good idea how it all works. If people are nervous about capital raises, you would sleep better investing in non-tech stocks. Although some of the biggest non-tech companies raise money all the time especially for M&A.
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