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What will they use the money for? If they're not expanding, and are profitable (and so don't need to cover running costs), I can only guess at retiring founder debt.



They said they aren't profitable, they're hiring too quickly for that. They're using the money to hire quicker, just like most other people use investment for.


They're expanding. It's a land grab, so gaining market share is more important than profitability. Spolsky wrote about it here: http://www.joelonsoftware.com/items/2010/02/14.html




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