Reply to post: @CheesyTheClown ... Re: Burned $300 million?

Former unicorn MapR desperately seeking cash as threat of closure looms

Anonymous Coward
Anonymous Coward

@CheesyTheClown ... Re: Burned $300 million?

The company has been in existence for 10 years.

You think of burning thru cash in terms of salary only. There's a lot more going on.

Marketing and other things like office space, etc. ...

There is definitely more to the story than what has been reported.

In the letter, Schroeder said the company simply couldn’t issue the notice earlier, since that would “significantly jeopardize” chances of success with respect to its pursuit of financing.

This says a lot. Some have said that Schroeder wasn't being totally honest with most of the employees.

Yes, the sales team did miss. It was a massive miss. In part, some would say that the target was unrealistic, and in part, some of the sales team were good, others not so much. Selling MapR isn't an easy task. It takes a strong sales rep and a good SE.

There's a lot more I could say... but of course I can't...

I was amazed that it took this long for the Press to catch on. If anyone had friends who worked for MapR, they would have found out from their LinkedIn news feed a few days after Schroeder cut the sales/marketing team.

Posted Anon for the Obvious reasons.

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