Neo4j is unprofitable after 17 years, is this common for VC funded companies? [pdf]

https://storage.courtlistener.com/recap/gov.uscourts.cand.335295/gov.uscourts.cand.335295.231.0_30.pdf

by john-mark • 2 years ago

2 3 2 years ago

storage.courtlistener.com

john-mark2• 2 years ago

Trial testimony shows that Neo4j is not currently profitable after 17 years.

Is this normal for VC funded software companies nowadays?

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Q. DO YOU KNOW WHAT YOUR NET PROFITS ARE?

A. WE ARE IN A LOSS POSITION RIGHT NOW.

https://storage.courtlistener.com/recap/gov.uscourts.cand.33...

throwaway48540• 2 years ago

This doesn't necessarily mean they're not net-profitable, or that they never were, or that they didn't ever have a profitable year.

Also - profits of the company aren't necessarily equal to profits of the investors/shareholders.

john-mark2• 2 years ago

Will more information that could touch on what you mentioned be in their S-1 registration if they attempt an IPO? I need to search through all the court documents to see if there are any more details about prior years. Good thing I have LLMs to help with this now.

https://www.courtlistener.com/docket/16272543/neo4j-inc-v-pu... https://www.courtlistener.com/docket/16276158/neo4j-inc-v-gr...

Neo4j is unprofitable after 17 years, is this common for VC funded companies? [pdf]

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