"Though it has paltry revenues and just 20,000 registered users, the company pays only $8,000 a month to rent its offices in San Francisco and has received $8 million from investors."

$8 million? And all they can get is 20,000 registered users??? You've got to be kidding me.

"The company raised $35 million three years ago and, thanks to financial prudence, has $20 million in the bank."

$5 million burn rate a year for failed company is prudence?

-------------------

All reading this sort of coverage does is make me feel that anyone wanting part of our company will have to pay through the nose for it.