Xero now has a war chest of about US$ 200 million - a massive amount of capital to play with for a company whose organic growth is already quite spectacular. Sophisticated and influential investors like Matrix and Valar have come on board at current price levels - effectively locking in the company's $2 billion valuation. And these guys are not in it for a low percentage return - they know how to grow a company that they believe in.
Current customer numbers in the US: about 16,000. Adresseable SME market: 29 million. Xero's target market share: >50%. So the plan is to go from 16,000 to 15 million customers in a few years. That is going to take capital and the very best marketing advice. Xero now have both and I, for one, am going to enjoy the ride...
Not investment advice. The best plans can turn to custard for any number of reasons. Worst case scenario: xero > hero > zero. DYOR.
Xero now has a war chest of about US$ 200 million - a massive...
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$135.00 |
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| Open | High | Low | Value | Volume |
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