Reply to post: Time to put your big boy pants on and show sustaianable profit!

Actifio CEO talks about growth, quietly sacks bunch of staff

Anonymous Coward
Anonymous Coward

Time to put your big boy pants on and show sustaianable profit!

With the IPO window slammed shut and the previously free flowing VC faucet now on a slow drip (with lower valuations and only if you give them preferred shares over employee options) the days of growth at all costs are over. Actifio made a difficult but smart decision to focus on cash flow and profitability for the immediate future to be a self-sustaining company. Other more recent start-ups will be in dire-straits as they burn tons of cash to try to develop a product and build out a field and support organization. This bubble is bursting and it will happen fast. It is unfortunate since most of the innovation in the storage industry comes from start-ups but this innovation cycle has run it’s course. Prepare for a wave of acquisitions for the lucky few that are in the black or have a very unique offering and a round of layoffs and bankruptcy's for the rest in red. Like it or not the party’s over for start ups and only the profitable will survive.

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