Storage
Biz network shows HALF of Nimbus Data's staffers left in 1 year
Startup Nimbus Data has endured an exodus of recently hired executives as well as a high level of staff turnover. But the storage firm maintains that it's a high-growth company and staff have to succeed or depart. The company, founded in 2006 to sell Breeze unified iSCSI and NAS storage "pizzaboxes" running its Halo software, …
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Nimbus said it was a 30-person firm, with 95 per cent of staffers being engineers
Which poor non-tech and a tech are the ones getting cut in half then? And what are they doing with the leftover bits?
When no one you hire in sales is successful...
...is the problem the sales person, or the product?
Easier to fire the sales people than fix the product.
Revenues in 2012
They have put out a press release saying that they shipped "over one petabyte (1,024 terabytes) of flash memory in its last month" resulting in "415% sales increase for the company in 2012".
They're priced at roughly $8 per GB so 1PB is roughly $8M. Assuming this is 50% of their total sales in 2012 (hard to imagine they've sold more), they made about $16M in 2012 and $3M in 2011.
Impressive growth but hardly the mark of a company that is expected to IPO in "12 to 18 months" (their words, not mine)
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