Profile picture
Shira Ovide @ShiraOvide
, 8 tweets, 2 min read Read on Twitter
Not a great sign in Domo's IPO filing: Company has $72 million in cash, and an annual cash burn of ~$150 million. sec.gov/Archives/edgar…
Surprise! Another young tech company with superpowered voting stock for its founder.
Domo is not mincing words: If it can't get more cash via an IPO or other means by August, it will "begin to implement plans to significantly reduce operating expenses."
This company has been talking about going public for 3+ years, and now it has utterly terrible conditions to go for an IPO when it really needs the money.
So, Domo agreed to lease a private plane owned by its founder. It caters from a restaurant owned by its founder (and his brother) and it buys furnishing from a company owned by its founder and another brother. Seems legit.
Sorry, brother 2 doesn't co-own the interior design company. He is merely an executive there.
The restaurant owned by Domo's founder and his brother does look good. But are there other sandwich & salad joints near Provo that also do catering, and aren't owned by the boss? cubbyschicagobeef.blogspot.com/p/menu.html
For the aviation geeks, the plane that Domo leases from its CEO is a 2006 Cessna 525B CJ3 sec.gov/Archives/edgar…
Missing some Tweet in this thread?
You can try to force a refresh.

Like this thread? Get email updates or save it to PDF!

Subscribe to Shira Ovide
Profile picture

Get real-time email alerts when new unrolls are available from this author!

This content may be removed anytime!

Twitter may remove this content at anytime, convert it as a PDF, save and print for later use!

Try unrolling a thread yourself!

how to unroll video

1) Follow Thread Reader App on Twitter so you can easily mention us!

2) Go to a Twitter thread (series of Tweets by the same owner) and mention us with a keyword "unroll" @threadreaderapp unroll

You can practice here first or read more on our help page!

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just three indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member and get exclusive features!

Premium member ($3.00/month or $30.00/year)

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!