Ryan Irelan

is building Mijingo and doing limited consulting.

Crossing the Chasm to Profitability

“Every venture-funded company has to cross the chasm to profitability, and we decided the time was now,” Carson wrote in an email to EdSurge. After today’s layoff, he expects the company to be “very close to profitable [as year-over-year] revenue growth for the last six years has been climbing.”

When you have to use terms like “crossing the chasm to profitability” things are most likely not good.

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There’s more to read in the archive.