I keep hearing this cash burning argument. Xero boot striped their business from day one, they have been through one round of capital raising, and have been operating since July 2006.
Plus Rod Drury is a successful entrepreneur that has build a world-class Board and Leadership team.
https://www.xero.com/au/about/board/
Chris Liddell - General Motors - Senior Vice President and Microsoft - CFO
Bill Veghte - EVP and GM of HP’s $27 billion Enterprise Group
Craig Winkler - co-founded of MYOB
Sam Morgan - founded of Trade Me which, sold for $750 million
Craig Elliott - CEO of Packeteer
https://www.xero.com/about/team/ ...not to mention Peter Thiel
Who on this forum truly believes that these guys are not qualified to make accounting decisions with their capital and cash-flow?
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