Brooklinen quickly fell into negative EBITDA after raising its Series A
Rich Fulop · Brooklinen: Vicki and Rich Fulop · Apr 20, 2020 · at 1:01:19
Rich Fulop, co-founder and CEO of Brooklinen, explains how raising venture capital led the company to overspend and temporarily become unprofitable.
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“Oh yeah. We got on the drug really, really quickly with that. After we raised our series A and it was not a fatal mistake to the business, but it was certainly a point in time that was not one that was easy for me as the CEO. We dropped into the negative in terms of our EBITDA at that moment.”
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