Re:Tell HN: Job interview canceled due to looming recession
by datalopers on Wednesday May 25, 2022 @10:13AM
(#31504791)
For context the company is Floqast, accounting software SaaS. They raised $110M in July 2021 at 40x revenue (with an aggregate $93M raised over the 4 years prior). They’re proudly waving that Unicorn banner everywhere they can. 180 employees end of 2020 and 500 today on the way to 725.
I am not trying to dismiss anything or being cynical but just trying to point out that a lot of things goes into determining if you are a "good" VC backed startup. In my opinion, a smaller growth in headcount (compared with revenue growth) would have been a better indicator of a healthy startup.