GitOps pioneer Weaveworks unravels after funding fabric frays

Former cloud native darling Weaveworks has announced that it is closing its doors after failing to get acquired and suffering from a "volatile" cash position. CEO Alexis Richardson made the announcement on LinkedIn, where he boasted of "double digit (>$10 million) revenue" but bemoaned "lumpy" sales growth. A merger and …

[ecofeco]

5 year rule

There should be a five year rule that if your company is not showing a profit by year five, it deserves to die. For us not well connected plebes, we'd be lucky to stay in business for two years with no profits.

Throwing good money after bad is not normal, good or beneficial to anyone except the vulture capitalists, er, I mean insiders. It absolutely distorts the economy is very bad ways,

[matjaggard]

Re: 5 year rule

Like Amazon?

[mpi]

Re: 5 year rule

5 year is a bit of an arbitrary number, but venture capitalism, in its current form is not something that benefits society as a whole.