Path Closes $25 Million Funding, Led by Indonesia’s Bakrie Global Group

- Lack of traction as evidenced by dismal ratings on the App Store compared to competitors - Supposed focus on international markets without clear commitment to establishing a presence there - HR troubles (as commenter linked to below) - Indication that money is being spent on paid installs by virtue of placing in the top 100 in Chad and Niger

Re: Path Closes $25 Million Funding, Led by Indonesia’s Bakrie Global Group

#7

Post by yapcguy » Sat, Jan 11, 2014, 4:20 AM UTC

joelrunyon wrote: post #4

alienfluid wrote: post #2

What an utter waste of capital.

Can you explain your reasoning behind this?

How much are Path going to charge for their stickers? How many do they expect to sell? Average salary in Indonesia is $3420.

http://data.worldbank.org/country/indonesia

Re: Path Closes $25 Million Funding, Led by Indonesia’s Bakrie Global Group

#8

Post by 650REDHAIR » Sat, Jan 11, 2014, 4:21 AM UTC

In Path's position what would you do with this capital?

Re: Path Closes $25 Million Funding, Led by Indonesia’s Bakrie Global Group

#9

Post by yapcguy » Sat, Jan 11, 2014, 4:25 AM UTC

650REDHAIR wrote: post #8

In Path's position what would you do with this capital?

Pay back the original Path investors $25m.

Pray that the money isn't connected to Suharto[1]'s old boys network and never take a holiday in Asia again.

[1] https://en.wikipedia.org/wiki/Suharto

Re: Path Closes $25 Million Funding, Led by Indonesia’s Bakrie Global Group

#10

Post by bradleyland » Sat, Jan 11, 2014, 4:27 AM UTC

joelrunyon wrote: post #4

alienfluid wrote: post #2

What an utter waste of capital.

Can you explain your reasoning behind this?

Because Path is almost certainly in a death spiral, based based on the layoffs and talent exodus. Because their CEO is Dave Morin, who hasn't done himself any favors by sounding like a huge douchebag [1]. Because they're a social media app on the wane, which is as good as a dead social media app.

http://www.vanityfair.com/culture/my-phone/2013/03/dave-mori...