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I want to put this comment in a time capsule so I can tell my kids what start-up life was like in 2016.
by tdees40 10y ago
I want to put this comment in a time capsule so I can tell my kids what start-up life was like in 2016.
- deleted 10y ago[deleted]
- objectivistbrit 10y agoI see from your comment history you know finance, so - um, what? There are different definitions of "profit".
- tdees40 10y agoI mean sure, there are. In fact, there are lots of pretty standard ideas of what constitutes profitability. But if you just say, we're profitable, most people will assume you mean on a GAAP net income basis. If you don't mean that, you can say, we're cash flow positive or something like that. Or you could say, "we're profitable on an EBIT basis," or we have a positive gross margin. You can't just say, hey! if you exclude a bunch of our costs and count all of our revenue, the revenue is bigger!
- blahi 10y agoHow to spot a good accountant: - How much is 1+1? Correct answer: Whatever you want it to be.