Comment
Comment by susanwise
There is absolutely a way to do this but the new money coming in wants to keep as much revenue as possible to "preserve" valuation. We have already significantly cut revenue (~30%) last year in order to scale back costs. And the other concern is the more revenue you cut the more of a hole you have to climb out of to eclipse your preference stack. And cutting revenue while you are also trying to sell the company is going impact valuation.