I purchased a company that was locked into cloud infrastructure. They had received over $10M in venture capital several years ago, and had been running their own servers at some point because I found some of them in their warehouse.
At some point they had switched to AWS, and then at a later point switched to GC. When I encountered them they had shut down due to lack of funding.
Their servers were running in zombie mode racking up over $6k per month in charges. Data export would have cost over $10k. They were also renting warehouse and office space.
They had very few assets, and not enough income to cover expenses.
If their server costs had been reasonable, they might have survived, but they couldn't bring those costs down.
I purchased a company that was locked into cloud infrastructure. They had received over $10M in venture capital several years ago, and had been running their own servers at some point because I found some of them in their warehouse.
At some point they had switched to AWS, and then at a later point switched to GC. When I encountered them they had shut down due to lack of funding.
Their servers were running in zombie mode racking up over $6k per month in charges. Data export would have cost over $10k. They were also renting warehouse and office space.
They had very few assets, and not enough income to cover expenses.
If their server costs had been reasonable, they might have survived, but they couldn't bring those costs down.