Our $445M Series D | Oxide Computer Company
oxide.computer · 708 words · saved by 1 readers
Our Series D round of financing.
In the spring, we hit a pretty wild milestone: Oxide paid income tax. And not because of some unusual transaction or one-time event, but because our ordinary operations (selling computers!) generated taxable income after accounting for the costs of components, manufacturing, salaries, and running the rest of the business. Of course, we each individually pay income tax every year; is it that surprising that a company is doing what we all do every spring? Well, yes, it is: most startups don’t pay income tax because most startups aren’t profitable! Indeed, startups seek investment because they…
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