Assertion certainty 4/5 debate potential 1/5

Bosworth: DataStax is near cash-flow positive and needs no more capital

Billy Bosworth · 1056 DataStax CEO: "We're growing 40% yoy with 110% net revenue expansion" · Jun 15, 2018 · at 9:31

DataStax CEO Billy Bosworth explains the company's financial runway and independence from external fundraising.

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“We have a very, very clear and close line of sight to cashflow positive. So our cash is kind of in our control. It means that we have no need to raise more money.”

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More from Billy Bosworth

Assertion Not checkable as stated
Bosworth: DataStax generates over $100M ARR with 75%+ gross margins
“Our revenues exceed a hundred million in ARR. We have over 75% gross margin.”
Billy Bosworth Jun 15, 2018 ▶ 9:20 1056 DataStax CEO: "We're growing 40% yoy with 110% net revenue expansion"
Assertion Not checkable as stated
Bosworth: DataStax net revenue expansion exceeds 110% for enterprise accounts
“We should see net expansion rates, which includes churn and then also expansion over a 110%. And we see well beyond that at the moment with our enterprise class counts.”
Billy Bosworth Jun 15, 2018 ▶ 12:34 1056 DataStax CEO: "We're growing 40% yoy with 110% net revenue expansion"
Insight
Bosworth: Migrating enterprises to distributed databases requires professional services
“What you require is some initial handholding with your customers, because they're still thinking on old relational paradigms, and when I say relational, that's Oracle, SQL Server, Sybase, those kind of things. And you got to get them transitioned into this new…”
Billy Bosworth Jun 15, 2018 ▶ 15:45 1056 DataStax CEO: "We're growing 40% yoy with 110% net revenue expansion"
Prediction Not checkable as stated
Bosworth: DataStax will maintain 40%+ hyper-growth for three years
“Even, even our three year business model, we're projecting still being in a hyper growth category, which generally people at our size would define as 40% or higher. And so even when, as we look out the next three years, we believe we can stay in that hyper gro…”
Billy Bosworth Jun 15, 2018 ▶ 17:15 1056 DataStax CEO: "We're growing 40% yoy with 110% net revenue expansion"
Assertion Supported
Bosworth: DataStax has raised almost $200 million through Series E
“That's right. Through series E as in echo. Yeah. So through those five rounds of funding, we've raised almost two hundred million.”
Billy Bosworth Jun 15, 2018 ▶ 4:31 1056 DataStax CEO: "We're growing 40% yoy with 110% net revenue expansion"
Assertion Not checkable as stated
Bosworth: Up to 70% of DataStax workloads run in the cloud
“We have about 60 to 70% of our workloads are already being run in the cloud, either with us managing it or our customers managing it.”
Billy Bosworth Jun 15, 2018 ▶ 5:00 1056 DataStax CEO: "We're growing 40% yoy with 110% net revenue expansion"
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