What do we know so far? Any updates?
9 replies (most recent on top)
Is the executive management team of this company gotten rid off? That's the only last hope for this company to survive if at all a distant reach possibility.
Last few months i heard only $ 65 M equity was sold. That funding announcement that was made 2 days back. From where did you get the $ 130 M equity sold number? and who now controls the ownership of this company? which investor. I heard that the Chairman has a huge stake along with the CEO and COO. Is that still true? If the ownership stakes have changed to the investors, it'll be time for the management to depart very soon. How much they have been missing on revenues last 3 quarters?
During the GRC boom time, MSI was valued at $400m in 2014.
https://blogs.wsj.com/venturecapital/2014/09/05/the-daily-startup-metricstream-valued-at-more-than-400-million/
With $130m of equity sold in last few months, it seems ownership of the company has changed (>=50%) depending on the current valuation of the company, considering revenue has been decreasing for last 2-3 quarters.
This company is on its way to insolvency. What happens to the customers nobody knows.
Is that the 65m funding they got and announced it yesterday? Does this mean this company is going to float?
If your manager or director or to whomever you resport stops saying hi to you, that's a tell tale sign that you are on the list.
It may be another layoff very soon, but also remember company will be closed if there is another layoff. Because of last two layoffs most of people looking for job seriously. Another layoff will change people who are not serious about job change to 👀 seriously. This will impact company so management think twice before taking decisions. Now approach is to remove people slowly instead of bulk removal which doesn’t create panic situation. This is started with Cloud and platform teams, management terminated resources who are not manager friendly (not considered how they work).
MSI sold equity for $40.4m (Mar'17) and $25m (Oct'17)
Why do you need updates, Stay and face quarterly revenue pressures and keep worries about termination or leave, these are only two options you have.