Asana S-1
Wow, this is a torrent of IPOs today.   Investors / boards are wanting to get money out before things turn south I feel.Aside from that, I'm surprised how much it costs Asana on engineering R&D, for essentially a ticket management system.  How does a team grow to ~300+ developers ($89M R&D) to figure out how to attach PDFs and videos to tickets, and email people when there's a change in status?  (ok yes I'm oversimplifying a bit, but not that much)And (as with all such companies) how much they need to pour into Marketing/Sales to sell this thing.  These above costs basically wipe out the gross profits by 2x.