Just who would believe, in a million years, that the “software museum” Computer Associates would get bought by Broadcom — for almost $19 billion? Well, for sure, a little California DevOps testing outfit who thought they were going to get out of their ugly cap chart by selling their company to CA sure has a […]
Failed Exit. Death Watch Begins For DevOps VC Funded Testing Company Read More »
I was on LinkedIn one evening and see an unpronounceable company called SNYK get a $150 million funding round. Very cool! As many do, I Googled it a bit. That is where things got very interesting. The company is reported to be about 5 years old. Owler says it has most recent revs of $11.8 million. The
VC Backed Companies Need Sales Monkeys VC backed companies, particularly those dead men walking in DevOps and browser testing, use the Sales Monkey Model. It is a model forced on them by early VC money where the cost of sales exceeds 60% and fails 90% of the time. What is a sales monkey in
Sales Monkeys — The Way VC Backed Companies Operate Read More »
SaaS Software Needing the 40% Rule for Liquidity One would think with the stock market as hot as it is, now would be a great time to bring in new venture capital money. And for some it is. Browserstack, for instance. Then there are the walking dead who do not meet the 40% rule. Chef,
The 40% Rule — An Indication of SaaS Software Health Read More »
10 Years Old is An Ugly Birthday for SaaS Software Firms It’s our 10th birthday SaaS software company! We are still in business! We have over 100 employees and we are shooting for $100 million in revenue in the next few years! Yea! Cannot get better. Well, not so fast says Forbes Magazine with the
Software Testing Firm Misses Liquidity Event Just who would believe, in a million years, that the “software museum” Computer Associates would get bought by Broadcom — for almost $19 billion? Well, for sure, a little California DevOps testing outfit who thought they were going to get out of their ugly cap chart by selling their
The thirst for venture capital is a knee jerk reaction because it lingers as the model to those who have never seen a different way of doing things. Venture capital may work for the VC, it may work for the management they bring in, but it seldom works for the employees of the startup and
Many DevOps software companies are the classic example of the early VC funding miscalculation that is going to leave employees with stock close to worthless at companies who never achieve their projected valuation. DevOps is the term of art for much faster, more agile software development requiring the tools to make apps come out much
You have stock options, but, well, it is kind of a crappy company and now you are gone and you have to decide whether to spend that 5 grand to buy them. Should you buy those options? You tell your partner or spouse, “I do not really know if I want to spend the dough,
Why You Should Buy Those Stock Options From That Crappy Company! Read More »
A rational argument can be made that the highest unnecessary cost for an enterprise software company is the hidden burden of unnecessary discounts required to hit arbitrary quarterly sales quotas driven by third rate venture capital boards. The highest ongoing cost is clearly the sales and marketing machine necessary to make an early venture capital-backed
Quarterly Revenue Madness And The Stupid People Who Do It Read More »