Our $445M Series D

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In the spring, we hit a pretty wild milestone: Oxide paid income tax. And our ordinary operations (selling computers! ) generated taxable income and running the rest of the business. spring? Well, yes, it is: most startups don’t pay income tax because most startups aren’t profitable! Indeed, startups seek investment because they have costs long before they have revenue, let alone gross profit — let alone income. materialized! ). Figure 1.

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