It was also only a year ago I said “Automattic is healthy, generating cash, and already growing as fast as it can so there’s no need for the company to raise money directly — we’re not capital constrained.”
I was wrong, but I didn’t realize it until I took on the CEO role in January.
Find this to be really odd.
And it leads into this, which is at odds with the previous statement that they were growing as fast as they can. Did they discover any new avenues for growth that required a whole new raft of capital?
..and we realized we could invest more into WordPress and our products to grow faster
I love the company and Matt. Met him briefly in India many moons ago when he was attending a Wordcamp here.
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It was also only a year ago I said “Automattic is healthy, generating cash, and already growing as fast as it can so there’s no need for the company to raise money directly — we’re not capital constrained.”
I was wrong, but I didn’t realize it until I took on the CEO role in January.
Find this to be really odd.
And it leads into this, which is at odds with the previous statement that they were growing as fast as they can. Did they discover any new avenues for growth that required a whole new raft of capital?
..and we realized we could invest more into WordPress and our products to grow faster
I love the company and Matt. Met him briefly in India many moons ago when he was attending a Wordcamp here.