Wade you probably should declare your source of info
Interesting that the above and also the link comes from a recruitment website - i hadn't seen it anywhere else
The article is slightly misleading as there was no claim to have 250-300m profiles in the database
The claim is that there is 250-300m that are currently enrichable with there current technology
You can do some research into Branchout and there is no dispute that there was 850m profiles at the time of acquisition and 1-page claimed to increase these to 1.1bn
Clearly the method to which they enrich these profiles has evolved - my understanding is that they have effectively built a search engine or web crawler to enrich the profiles from what was 70 sources moving to 250 sources of information
There is no point at present enriching the additional profiles outside of there current target market (u.s)
Ill re-iterate that there communication has been very poor and also that a lot of investors have failed to appreciate the early stage nature of the business in which its imperative to evolve the product to needs of the client
No doubt they have made some mistakes but show me another oz tech company with 50m in the bank that is signing Fortune 100 clients
Sure there is still risk around converting the sales to revenue but the bear story has got a bit tired
I could certainly see the agenda at $3-4 but the asymmetry to be short now is very poor but of course it could go lower
Those that are bitter for missing the first run can relax a little
Maybe concentrate there efforts on doing some real research instead of reading headlines, might even work out thats a good way to make money
Personally my balance is running for free so i am pretty relaxed (rather it not be trading here though!!)
Don't think many of the bears on here actually profited from the rubbish posted - maybe just beachy
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