tag:blogger.com,1999:blog-4088979.post116291552792655331..comments2023-10-16T06:06:25.012-04:00Comments on TaoSecurity Blog: Bejtlich Cited in Sourcefire IPO StoryRichard Bejtlichhttp://www.blogger.com/profile/13512184196416665417noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-4088979.post-1163200950564212752006-11-10T18:22:00.000-05:002006-11-10T18:22:00.000-05:00@Richard:Richard, an "accumulated deficit of $40M"...@Richard:<BR/><BR/>Richard, an "accumulated deficit of $40M" doesn't imply that's what they owe...that means that's what they've lost. Not the same thing, right? Depends upon what they have in.<BR/><BR/>They specifically said they were profitable in Q3 which seems to me to suggest that the inflow > outflow. If that's the case and they still have $25M in the bank, methinks that's a healthy wallet, no?<BR/><BR/>I guess this is why I'm not a CFO?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4088979.post-1163077342982325922006-11-09T08:02:00.000-05:002006-11-09T08:02:00.000-05:00Hi Chris,When you look at an accumulated deficit o...Hi Chris,<BR/><BR/>When you look at an accumulated deficit of $40+ million, not yet turning a profit, and investors who expect a return, I don't think having $25 million in the bank is all that great. They're filing for an IPO to raise money (hopefully $75 million) which indicates they need it. Yes, it could be for acquisitions, etc., but the point is they need that money enough to sell more of the company to outsiders.Richard Bejtlichhttps://www.blogger.com/profile/13512184196416665417noreply@blogger.comtag:blogger.com,1999:blog-4088979.post-1163047065350954782006-11-08T23:37:00.000-05:002006-11-08T23:37:00.000-05:00Richard:You mention that SF are not "...flush with...Richard:<BR/><BR/>You mention that SF are not "...flush with cash" yet they have $25 Million in the bank from a recent round raised a few months ago.<BR/><BR/>How does $25M on a profitable Q3 (assuming continued profitability) not equal being "flush with cash?"<BR/><BR/>ChrisAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-4088979.post-1162950185090109442006-11-07T20:43:00.000-05:002006-11-07T20:43:00.000-05:00lonervamp: can you point out one case where an ope...lonervamp: can you point out one case where an opensource related company abandoned/forked/closed its project post IPO?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4088979.post-1162918558871128232006-11-07T11:55:00.000-05:002006-11-07T11:55:00.000-05:00Increasingly, I fear the days of free Snort also n...Increasingly, I fear the days of free Snort also narrowing. With an IPO come a lot of stakeholders who may or may not care a whit about open source and the community, and might push Sourcefire into directions that may take a free Snort away from us, in the goal of making money. :(Unknownhttps://www.blogger.com/profile/15357840241031190415noreply@blogger.com