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17:21
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Originally posted by Nanday
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This is a possibly rambling post of my recent thoughts about the future direction of GSW - opinion only. I was initially disappointed to read that they are seeking potential bids for the company. However on reflection I think taking it private again is the way to go. If it stays publicly listed, it's going to be news-driven until a solid increasing income stream is proven, and that usually takes years, not quarters to convince investors.
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Here is Australia early stage tech companies need to have over $1 million ARR (annual recurring revenue) to attract VC money in a Series A round. These rounds range a bit, but typically a company might raise $2 to $5 million at a $10 to $25 million dollar valuation. In my opinion GSW was taken to market far too early.
