RE: Impressive??12 May 2019 03:36
It's not after many years, it's after a short period of pivoting actually, since they pivoted to a SAAS model they've taken on an impressive list of blue chip clients, the important thing being the revenue is recurring and the products ROI is compelling for the customers. In one instance the client has even become a partner they believed in it so much.
Albert is already competing I'm not sure what isn't clear about that from the client list.
Bidstack has a small number of contracts with some game suppliers, these however, will have to renewed on a game by game basis, they are at POC stage competing against Facebook, Google, Youtube for market share, those are some big companies to go up against. Furthermore they've raised significantly less than Albert.
I would say that tripling revenue is rapid expansion, I'm not sure what other measure you want, that is very good for a SAAS product at this stage of development.
The cash burn is a concern, and it is a punt, but it is one that I am happy to take.