RE: I'm a co-founder of a bankrupt storage startup, AMA
The simple answer is that we were spending too much money.
The IPO was supposed to raise $100m but instead we raised $60m. This led to a cycle of bad news--- customers and employees questioned whether we would have enough runway to get to profitability. When we missed our first quarter projections, this continued the cycle of negative news. This made it harder to continue growing our revenue.
(Because Tintri was public, you can find our quarterly results during this period online: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001554875&owner=exclude&count=40)
Tintri's management said that there was a path to cash flow positive by the end of 2018. Unfortunately they miscalculated what it would take to get there, and our cash would not allow us to continue operations past the end of June 2018.
So you worked for 9 years to make a product and find some customers and now another company will reap the benefit?
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Yes, assuming DDN can run it as a profitable business! There's no guarantee that they will be successful, although they have a good history of running a storage business at a profit.
I have been paid a salary for the whole time, and managed to sell some stock pre-IPO, so I have benefited from Tintri as well.