$6M not enough for StreamBase (more like $48M)
It seems that StreamBase needs more money: www.sec.gov/Archives/edgar/data/1315537/000131553710000003/xslFormDX01/primary_doc.xml
I understand that there’s 5.5M involved. Rest is sort of MBA talk, anyone care to translate this to us mere mortals?
Last year they got $6M if I remember correctly. Does this mean that StreamBase burns about 5-6M more than they earn per year?
Following the link posted by Marc in the comments section I think (noticing that I don’t really understand what I’m looking at) StreamBase have got about $48M from investors since 05. Is that lots of money compared to what they have achieved?
But having raised $48M (daydreaming on how much we could do with that sum ), do that mean that they are spending more on development than customers are willing to pay for the software? Or do software companies have other reasons to take money from investors?
At least some investors think that a CEP company is a good place to put a $48M in, that must be a good sign!