In reply to <a href="https://betakit.com/wavefront-shuts-down/#comment-4055">Sophie and Matt Sophie</a>. Hi, Someone needs to push KPMG and Faskens to dig deep into Wavefront's spending. Did they blow cash recklessly? Was malfeasance involved? Was travel and executive spending "excessive"? Did their decisions align with best practices in the government funded not-for-profit sector? How much was James Maynard getting paid to run what was essentially a flex office space? Why all the Vice Presidents? How much did they get paid? Why did Wavefront have an enormous IT team when it could have simply outsourced that work (and supported the local IT tech community by doing so)? Why did they decamp from Vancouver and open an expensive office in Toronto? Did they validate the market and test their plan first? Why was Wavefront recruiting and hiring new staff if they were "teetering" on the edge of insolvency, and about to enter creditor protection? Who was behind the wheel at Wavefront? And who was looking over his should (should have been Robert MacDougal refusing to approve and sign certain spending). What is going to happen to the firms who lost their office spaces? Will these firms get their last months rent back? Did Wavefront know they were going bust when they accepted those final rent cheques? if so, why did they take the rent from the startups? If not, then why not? Cash flow is very easy to manage. Money in. Money out. Difference.