How does a company like this get $45 million in funding? Is that really cash in the bank, or "on paper, committed under certain circumstances, with only $1 million actually in the bank as of today?"
I guess I just don't understand how a business like this could ever get funded to $45 million.
Where's the competitive advantage?
India sent a satellite to orbit mars for $74 million, these guys have people answering phones to book odd jobs for $45 million?
If you have somebody at your company who is well connected, good at making connections and is good at delivering presentations to investors, then you can get money even if your office is poorly run.
I guess I just don't understand how a business like this could ever get funded to $45 million.
Where's the competitive advantage?
India sent a satellite to orbit mars for $74 million, these guys have people answering phones to book odd jobs for $45 million?