Wood: ReplayTV burned $20M monthly and missed its IPO window
Anthony Wood · Roku: Anthony Wood · Nov 21, 2022 · at 24:03
Anthony Wood explains how market timing and heavy burn rates led to ReplayTV being forced to sell during the dot-com crash.
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“You know, even though we raised two hundred million dollars plus the burn rate had cranked up and we were spending, you know, I remember some months it would be twenty million dollars a month. The thing that changed the dynamic is they went public Before us, we were just about six months behind them, but then the dot com crash happened and it suddenly became impossible to go public.”
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