Re: Bad IPO
Not sure if Nutanix is doing so well.
Trying to boul the ocean by building an "everything platform" all at once, requiring ridiculous amounts of developers.
$100m in losses per quarter. But because those losses are mostly stock to employees, they "don't count". A) they do, B) good luck getting good developers without it, C) the best folks left for Cohesity, incl the founder. All that's left are the raging assholes like Dheeraj the CEO and D) they aren't Uber which billions in the bank. Even Ubers investors are getting nervous.
There's a VC cash crunch in the valley. If these yahoos (not just Nutanix) don't start posting profits or at least a path to profits, things will get very ugly