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Thank you for your feedback. I am so happy to see that your experience at Kurtosys provided you the opportunity to earn an increase of 66%, and I am sure you rightfully deserved it. Earlier in my career, I was afforded the same opportunity at KPMG, and I initially had the same perception as you, however, I am eternally grateful for the opportunity that KPMG gave me. I hope you look back upon your career one day and gain a similar view. That experience opened up so many doors, and I hope Kurtosys has done that for you. It certainly sounds like it.
I am sorry that you felt that you were overworked. Work comes in ebbs and flows in our organization. We have a number of people that work harder than I would like, but we have added 100+ FTEs this year to help even out work load. We try to push all of our employees to balance work and life. Sounds like you may have worked here prior to the significant hiring ramp this year.
Unfortunately, we recently decided to shutter our Reno office, and I feel terrible for the people impacted, but this has afforded us the opportunity to strategically position our organization into 4 locations (NY, London, Raleigh and Capetown). There are a lot of benefits of having these four locations, but most importantly, it allows us to operate seamlessly from an international work flow perspective which unfortunately Reno never allowed.
The only point where I can respectfully disagree with you is about the path to failure. You fail strategically before you fail financially. We have made a number of incredibly difficult decisions over the last three years, and we have dramatically transformed the company. We have a world class product / platform and team, we have more than sufficient capital (we won't need to raise money again), we will be generating cash flow in 1H '18 and profitable in 2018. Not many technology companies every achieve these milestones.
We may fail one day, but we have a great deal of momentum for the time being, and I am so proud of what the team has accomplished. I would never take that away from them.
As I wish our team good luck, I wish you too. I hope you continue to feel valued and rightfully paid. I am sure Kurtosys helped provide you opportunity to get to where you are at now.
I wish you all the best.
Scott Gellman
COO & CFO