What do you mean by a "business that makes money"? A lot of startups operate at a loss for their first year or two. I think more often than not, instead of a yo

What do you mean by a "business that makes money"? A lot of startups operate at a loss for their first year or two. I think more often than not, instead of a young startup having positive net income, they either have (a) some kind of funding, seed, angel, or VC, or (b) they have some great revenue generation opportunities they can take advantage of (which would also up their valuation).