In a preliminary proxy filing with the SEC, the cloud-based software company disclosed plans to ask holders to approve a quadrupling of the number of outstanding shares.
And so we must step back and ask ourselves: Is the point of thecloud that we continue our victory of standardization that leads to choice, or is thecloud going to become the next proprietary platform?
If you are thinking about using a cloud-based system for CRM or accounting, askthe tough questions up front about how you can get your data back if the company goes out of business or if you simply want to choose a different solution.