Public cloud backup service provider Carbonite is preparing for an IPO and looking to raise $100m, while public cloud storage provider Nirvanix is not. Why is the time ripe for one but not the other? Carbonite, founded in 2005, had accumulated, by the end of April this year, more than 1 million customers in more than 100 …
Is Web 3.0 out yet?
'Cos this kind of loss-making no-visible-profit-ever company sounds like the perfect poster child for Web 3.0?
Where are the profits?
One could allege that they are effectively purchasing some storage up front and then renting it back to their customers over the course of the next year or so.
Where is the profit and what is going to happen to the data if they manage to burn through the all the cash?