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Wasabi CEO David Friend Talks New Funding, Growth Plans, And How To Compete With AWS And Microsoft

‘We tripled in revenue and the amount of storage and everything else this year, the same as we have for the last three years. So it looks like a sort of a triple-every-year kind of growth path. It can’t go on forever, but right now we’re just struggling to keep up with demand,’ says Wasabi CEO David Friend.

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Is Wasabi profitable or cashflow positive yet?

We don’t talk about our financials. It’s one of the advantages of being private. Someday, but not now.

Any plans for an IPO?

No specific plans. Although we are considering all options going forward, and there’s a whole bunch of ways to grow a company’s financial base. But for now there’s no immediate plans.

The IT industry right now is going through a big push in terms of mergers and acquisitions, and there’s a lot of private equity funding out there. Is Wasabi a potential acquisition target? Do you get any phone calls?

I’m sure we get phone calls. But we’re not interested in it. I’m personally a big investor in Wasabi, and I can’t think of any other place I would put my money that it would grow 3X every year. So we don’t really have any interest in entertaining those kinds of offers right now.

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