What does Quip intend to do with the $30M it raised in 2015?

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JASON LEMKIN

I don’t know for sure, but one way at a higher level to think about it is that a “Fat” startup in ’15 that will easily burn $800K+ a month.

Ex-Facebook, Google, etc. engineers are expensive.  Get together 20 of them, a small marketing team, and all the rest … with little or no revenue … and pretty quickly, you are losing $800,000 a month (or whatever other pretty high number in an absolute sense).  Large, rock-star, Bay Area teams aren’t cheap.

So …

$30m is just a decent amount of runway for a pre-revenue start-up burning $800k a month.

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Published on October 25, 2015
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