“I don’t care what anybody thinks” – no, not said by yours truly but by Chris Riegel, CEO STRATACACHE who spoke up again recently in a local Dayton, Ohio newspaper interview claiming that he was well on his way to USD 250 Million revenue by 2012.
Chris told the newspaper “When building a business, sometimes you have to be able to take a stand and say ‘This is right, and I don’t care what anybody thinks‘ as a private company we have the ability to do that when many of our VC or Public company competitors are controlled by what the market thinks.
However, the quote in the interview even taken in context doesn’t do much to shake off the likeness, that some in the industry tag him with of being a P. T. Barnum type figure.
- The interview made mention that STRATACACHE had landed a deal with a fast-food chain – “the largest deal in this industry ever.” said Chris – referring we believe to the QSR industry in particular
- A deal, so the article says, that will put STRATACACHE technology in 13,600 restaurants in the United States (an announcement, which he expects in a few weeks).
- ‘his company has rejected acquisition offers’ it also says (we can confirm that cos’ we know some of the people who have come calling BUT perhaps the ‘mighty’ valuation was a factor – it does take two to make a deal as we all know)
- Chris says “He likes being private and independent and he plans to keep his company that way”
Umm, shall we pass the snake oil or shall we wait and see?