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josh2600 522 days ago | link | parent

Can anyone hazard a guess as to why they'd conceal the amount raised?

Genuinely curious as to what the justification might be.



jpdoctor 522 days ago | link

A better question might be: Why would you advertise how much money you have in the bank to your competitors?

You're providing info so they know exactly how much to cut prices and strangle you.

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josh2600 522 days ago | link

Does cutting prices have a lot to do with which how much money you've raised? I hear what you're saying, but disagree with your premise that it's a better point.

I think pricing and funding are different conversations.

BTW: Looks like they raised 7.6M, which is definitely a 'strategic' investment when looked at in contrast to the 70+M they've already raised. http://techcrunch.com/2012/11/14/intel-capital-and-red-hat-i...

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bsg75 522 days ago | link

Possibly because it advertises to potential customers that your company has a measure of stability from capital investment - not going to go bust anytime soon.

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