Today...12 months from now, page-6

There's a fine line between "building something no one else can afford to build" and "build something in a way that no-one else can afford".

Shippit has run lean and now has 55 employees after turning down funding rounds. Meanwhile, GSW is simulating revenue growth by using their cash pile to buy other companies, while paying themselves handsome salaries. I would not be surprised that the former strategy works out better than the latter.

The hit to urgency and focus that comes along with having $60M in the bank - especially as the prospect of a CA gets smaller - means that GSW runs the risk of being big, slow and dumb.